Grand Forks, ND Commercial Real Estate for Lease and Sale

Explore 7 listings of Grand Forks commercial real estate to find the best space for your business.

2022 Commercial Shop For Sale

4252 16th Avenue North, Grand Forks, ND
Property Type

Industrial
For Sale

$3,300,000
Build in 2022 / Property size 11,150 SF
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The Argyle

323 Demers Ave, Grand Forks, ND
Property Type

Office
For Lease

$16.00/SF/YR
1 space available / 2,406 SF
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1020 S Washington St

1020 S Washington St, Grand Forks, ND
Property Type

Retail
For Lease

$16.00/SF/YR
1 space available / 2,227 SF
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2500 S Columbia

2550 S Columbia Rd, Grand Forks, ND
Property Type

Retail
For Lease

$12.00/SF/YR
1 space available / 2,154 SF
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Metropolitan Opera House

116 S 3rd St, Grand Forks, ND
Property Type

Retail
For Lease

$18.00/SF/YR
1 space available / 3,835 SF
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73,478 SF Medical Space For Sale or Lease

1451 44th Ave S, Grand Forks, ND
Property Type

Other
For Lease Contact for pricing

1 space available / 73,478 SF
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73,478 SF Medical Space For Sale or Lease

1451 44th Ave S, Grand Forks, ND
Property Type

Other
For Sale Contact for pricing

Property size 73,478 SF
View Details (opens in new window)

Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Grand Forks commercial real estate market incorporates 29,197 square feet of office space across 1 buildings.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Grand Forks commercial real estate market includes 56,725 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Grand Forks market, there is a total of 11,150 square feet of industrial property.
The listing inventory in Grand Forks incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Grand Forks is represented by Retail space, which accounts for 8,216 square feet of available listings. Office space available in Grand Forks adds up to 2,406 square feet.

Meanwhile, most of the listings of commercial property for sale in Grand Forks are in the Industrial category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Grand Forks, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $18 per square foot.
The average size of a commercial property in Grand Forks depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- In Grand Forks, the average size of an office property is 29,197 square feet.
- Retail properties here incorporate an average of 18,909 square feet.
- Industrial space in Grand Forks is in buildings that are, on average 11,150 square feet in size.

Grand Forks, ND Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Grand Forks currently add up to 84,100 square feet. The market offers 1 active office listing(s), which amount to 2,406 square feet and account for 20% of commercial spaces on the market. Local retail availability includes 8,216 square feet across 3 retail space(s).

Property Type	Count of Listings	Total SF
Office	1	2,406
Retail	3	8,216
Other	1	73,478

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Grand Forks, ND. Currently, there is 84,628 square feet of commercial property for sale here , which includes 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Industrial	1	11,150
Other	1	73,478

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Grand Forks, ND Commercial Real Estate for Lease and Sale

2022 Commercial Shop For Sale

The Argyle

1020 S Washington St

2500 S Columbia

Metropolitan Opera House

73,478 SF Medical Space For Sale or Lease

73,478 SF Medical Space For Sale or Lease

Frequently Asked Questions

Grand Forks, ND Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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