257 Market Avenue, Grand Forks

Centrally located in downtown Grand Forks along Market Avenue, this property offers a prime value-add opportunity with strong visibility, walkability, and proximity to established local businesses. The 3,750 sq. ft. building features ~20’ ceilings and an open interior layout, providing excellent flexibility for a range of commercial or mixed-use concepts. Zoned Core Commercial (CC), the property permits retail, office, hospitality, entertainment, and residential uses, including up to 100% residential on the second floor and up to 50% on the main level. This allows for a variety of configurations including live-work, mixed-use, or full repositioning. Retain the character of the existing movie theatre or reimagine the space into a new concept such as a cafe;, restaurant, wellness studio, or boutique commercial venue! The property includes an upper-level suite with kitchen, bathroom, and laundry, offering immediate usability or holding income. Recent upgrades include a newer HVAC system (2019). An ideal opportunity for investors or owner-users seeking to reposition a well-located asset with significant upside through redevelopment or adaptive reuse. (id:1945)