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Fargo sells Main Avenue property near Red River to EPIC for $1.18 million

November 1, 2022

FARGO — A piece of property near the Red River is being sold to a developer after the Fargo City Commission unanimously approved the sale at its Monday, Oct. 31, meeting.

EPIC Companies purchased the property at 234 Main Ave. for $1.18 million, according to Director of Strategic Planning and Research Jim Gilmour.

“The city doesn’t get to keep the money,” Gilmour said. Due to the existing Diversion agreement, all money made from this transaction, with the exception of administrative costs, will go to the Diversion Authority, he said.

EPIC plans to build a seven-story, mixed-use building at the southwest corner of the intersection of Main Avenue and Second Street, according to a memo Gilmour sent to commissioners. The project will continue the developer’s work on it’s downtown “Gateway Development.”

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