Step into a piece of Grand Forks history with this incredible commercial opportunity on Market Ave! Boasting 3,750 sq. ft. of unlimited potential, this versatile building features soaring 20’ ceilings, 200 comfortable seats, a stage, and a big screen—perfect for entertainment, events, or repurposing to suit your vision. Upstairs, a well-appointed suite with a kitchen, bathroom, and laundry offers potential accommodation. Zoned Core Commercial, this property allows for a wide range of uses, including office, retail, hotel, restaurant, theatre, entertainment venue, and more. Residential use is permitted 100% on the second floor and up to 50% on the main floor, with the remainder as commercial space. Originally built in 1920, this property has seen a substantial renovation, including a new HVAC system in 2019. Currently operating as the historic GEM Theatre, established in the 1950s, this turnkey business can be continued. All inventory available or you can reimagine to suit your own dream and vision! Don’t miss this rare chance to own a landmark in the heart of Grand Forks, Call your Local Real Estate Agent today!! (id:55581)