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2450 S Columbia Rd
Grand Forks, ND 58201

New Ross (S&P: "A-") Anchored Center | 37kVPD · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
58,631 SF
Building Class
C
Year Built/Renovated
1979/2018
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.22
Lot Size
6.01 AC
Zoning
1
Parking
335 Spaces (5.47 Spaces per 1,000 SF Leased)

About 2450 S Columbia Rd , Grand Forks, ND 58201

The Ross anchored property is strategically located at the signalized intersection of 24th Avenue South and South Columbia Road, with excellent visibility and access to 36,760 vehicles per day. Both roads provide access to nearby 32nd Avenue South (22,175 AADT), which connects to Interstate 29 (14,450 AADT). The property is outparcel to Columbia Mall and is accessible from the mall’s ring road. Columbia Mall is the largest mall within 70 miles. Located 80 miles from the Canada–U.S. border and 140 miles from Winnipeg, the mall draws a significant number of customers from Canada. Columbia Mall anchors the 32nd Avenue South retail corridor, which has long been the commercial center of Grand Forks. Many big box stores and notable retailers are located along the avenue, including Walmart Supercenter, Target, Hobby Lobby, Menards, Lowe’s, Best Buy, Party City, Sam’s Club, and more. Other tenants near the property include Wells Fargo, AT&T, Batteries Plus Bulbs, and Buffalo Wild Wings, amongst others. The Ross anchored property is centrally located near large schools, major employers, and popular community amenities. The property is less than two miles from the University of North Dakota, which has approximately 15,000 students, 4,055 employees, and an economic impact on the state and region of $1.9 billion annually. Other nearby schools include Red River High School (1,141 students) and Century Elementary School (657 students), both of which are within walking distance of the property. The property is also close to the 299-bed Altru Hospital, the region’s largest employer, with 4,200 employees. Additionally, several important recreational areas are nearby, including King’s Walk Golf Course, designed by Arnold Palmer, and the 21,000-seat Alerus Center arena/convention center and the adjoining waterpark, which is the largest in the state.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
44131800001001
Land Assessment
$1,151,500
Improvements Assessment
$2,531,000
Total Assessment
$3,682,500
  • Listing ID: 13811627

  • Date on Market: 9/17/2018

  • Last Updated:

  • Address: 2450 S Columbia Rd, Grand Forks, ND 58201

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