East Grand Forks, MN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in East Grand Forks, Minnesota Market population: 9K. Compare commercial properties across all major asset...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For East Grand Forks MN Properties: 1.4800%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For East Grand Forks MN
Common questions from investors exploring commercial real estate in East Grand Forks MN.
What's the overall investment potential of East Grand Forks, MN?
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With a median household income of $51,042 and a relatively low poverty rate of 11.6%, East Grand Forks presents a stable investment market, further supported by its high health insurance coverage rate of 95.0% and short average commute time of 14.8 minutes, indicating a reliable and healthy workforce.
How does the local economy impact real estate demand?
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The top industries in East Grand Forks, including Finance & Insurance, Public Administration, and Manufacturing, contribute to a diverse economy, while the city's ethnic diversity, with a majority of White and White Non-Hispanic populations, and a notable Hispanic presence, suggests a culturally rich and potentially growing market, with a foreign born rate of 2.4% and a median age of 34.7.
What are the key factors to consider for rental property investments?
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The combination of a low poverty rate of 11.6%, high health insurance coverage of 95.0%, and a short average commute time of 14.8 minutes, suggests a working-class market with employment stability, making it an attractive option for rental property investments, especially considering the median property value of $148,800 and median property taxes of $2,181.
How does the city's demographics influence market demand?
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The city's relatively high homeownership rate of 65.7%, median age of 34.7, and diverse top ethnicities, including White, White Non-Hispanic, and Hispanic populations, indicate a stable and potentially growing market, with a GINI coefficient of 0.424 suggesting a moderate level of income inequality, which could impact housing demand and affordability.
What role do quality of life metrics play in assessing market stability?
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The average commute time of 14.8 minutes, top commute methods including driving alone, carpooling, and working from home, and high health insurance coverage rate of 95.0%, all contribute to a high quality of life in East Grand Forks, suggesting a stable and attractive market for investors, with a strong public transportation usage rate of 1.2% and an average vehicle ownership of 1.93 vehicles per household.
East Grand Forks MN Real Estate & City Facts
Key facts and real estate information about East Grand Forks MN.
What are some of the best neighborhoods to live in East Grand Forks?
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Some of the best neighborhoods to live in East Grand Forks include the south parts of the city, which tend to be more desired, and the north regions, which offer more affordable homes. Specifically, the East Grand Forks South neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the country.
What are some fun things to do in East Grand Forks?
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There are plenty of fun things to do in East Grand Forks, including visiting the Red River State Recreation Area, exploring the Grape Mill Vineyard and Winery, and checking out the Sherlock Park. You can also stroll through the Greenway trail or enjoy a local music festival Downtown.
What is the food scene like in East Grand Forks?
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The food scene in East Grand Forks is diverse and offers a range of options, from upscale restaurants like The Blue Moose Bar & Grill to cozy spots like The Spud Jr. There are also plenty of great food trucks and bars, like The Shire Bar & Grill, that serve delicious homemade food.
What are the pros and cons of living in East Grand Forks?
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The pros of living in East Grand Forks include its quiet and residential feel, access to outdoor recreation areas, and a diverse dining scene. However, some cons include the potential for flooding due to its location near the Red River, and the fact that it may not have as many job opportunities as larger cities. Overall, East Grand Forks is a great place to live for those who value a close-knit community and easy access to nature.
Is East Grand Forks a good place to live?
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Yes, East Grand Forks is a good place to live, offering a unique blend of small-town charm and access to outdoor recreation. While it may not have all the amenities of a larger city, it has a strong sense of community and a growing food and arts scene. Ultimately, whether or not East Grand Forks is a good place to live depends on your individual priorities and preferences, but it is definitely worth considering for those who value a quiet, residential lifestyle.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For East Grand Forks MN Commercial Property: $51,042
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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