Opportunity to be the owner of a historic building in downtown Grand Forks. This brick 2-story Class A office building can accommodate a variety of users. Sale also includes additional asphalt surfaced parking lot with 42 stalls.

• Sale includes additional lot with 42-lined parking spaces
• Parking assessment of $1,295.21 in 2017
• 12,638sf basement
• 12,139sf main floor
• 10,319sf second floor
• Two-story 13,528sf addition which houses the 2,194sf mechanical room penthouse on the upper level was constructed following the flood
• Elevator serving all floors
• Central reception area on main floor, vaulted atrium, common restrooms and offices on both wings
• Professional finishes, private offices, conference rooms and open areas for flex space
• All floors are sprinkled
• Flat, single membrane roof
• Building is heated and cooled with a hot and cool water loop system with air exchange
• Clock tower and spire; interior ceiling height of the clock tower is the same height as the flood crest and the top of the spire is 97’ to reflect the year of the flood

Seller (Forum Communications), will consider leasing back approximately 10,000sf at a rate of $10.00/sf NNN for a period of 5-7yrs. The leased back portion of the building is TBD.
The Economic Development Corporation is a tenant through May of 2018. They lease 2,900sf and have expressed interest in extending their lease.

Year Built
1931
Bathrooms
3
Stories
2
Taxes
46,484.20
Specials
2136.30
Total
56273.34
SPUN
9789.14
Air Conditioning
yes
Water
City
Sewer
City
Construction Type
brick
Zoning
B-4
City Limits
Yes
Basement
Yes
3 Phase
No
Natural Gas
Yes
Sprinklers
Yes
Off-Street Parking
Yes

Historic Downtown office building for sale/lease

375 2nd Avenue North, Grand Forks, ND, United States