The 400 building in the heart of downtown Fargo is up for sale

The former Powers Hotel is one of three North Dakota subsidized housing communities being sold together, according to a listing on the LoopNet web site.

The 400 building in downtown Fargo, also known as the old Powers Hotel, is one of three North Dakota subsidized housing properties that are now listed for sale on the LoopNet website.
Chris Flynn / The Forum
We are part of The Trust Project.

FARGO — The 400 building, also known as the old Powers Hotel in downtown Fargo, is one of a group of three North Dakota subsidized housing apartment complexes for sale, according to a listing on the LoopNet website.

The properties, which have 121 apartment units between Fargo, Grand Forks and Devils Lake, are being offered for $5.5 million in the listing by Performance Real Estate Advisors of Lombard, Ill.

The apartment complexes are “Section 8” communities, all 100% eligible for federal Housing Assistance Payments that are paid directly to the landlords, the listing said. There are 98 one-bedroom, 12 two-bedroom, and 10 three-bedroom units, all located in the cities’ downtowns. The Fargo and Grand Forks buildings are designated for seniors.

The 400 building in downtown Fargo, also known as the old Powers Hotel, is seen from street level Friday morning, Nov. 11, 2022.
Chris Flynn / The Forum

The 400 Building is the smallest of the group, with 10,000 square feet of space. It was built in 1914.

The Ryan House Apartments, 23 N. 3rd St. in Grand Forks, is the largest building, at 42,000 square feet. It was built in 1927.


The Holiday Village Family and Senior Apartments are at 223 Walnut St. W., in Devils Lake. They were built in 1976 and have 29,330 square feet of space.

The LoopNet listing was still active as of Friday, Nov. 11.

“We have heard from our citizens throughout this process,” Commissioner Denise Kolpack said. “I certainly am taking their input to heart on this case. It’s clear that a majority have spoken.”
The closing of the downtown location was announced via Facebook. All of Mexican Village's operations will be consolidated to the business's south Fargo location along 45th St. S.
Rather than wishing it away, some in downtown Fargo are taking advantage of the winter season.
Members Only
“This will be the biggest international market in North Dakota and South Dakota,” says John Huynh, co-owner of the downtown store.
Sioux Falls developers withdraw $38.5 million plan that included former Public Health building because it's "no longer feasible."
Fargo city commission hand-wringing over northside Red River crossing is short-sighted
CreativeMornings was launched in Fargo with the goal of bringing together people from all walks of life. “This is the place where we can open up and find solutions together," co-founder Jeff Knight said.
Residents are encouraged to use parking in the city's parking ramps and surface lots in downtown. Parking in select locations is free after 5 p.m. and on weekends.
The branch bank's operations will move to the Mercantile building once the deal is finalized.

Chris Brungardt, CEO of the Fargo Housing and Redevelopment Authority, said his agency was approached a couple weeks ago as a potential buyer for The 400 building. He said adding 41 more affordable apartments to FHRA’s portfolio would have been great, but it wasn’t possible.

“They contacted us two weeks ago. They were moving faster than we could,” Brungardt said. Tuesday, Nov. 8.

Helmut Schmidt is a reporter for The Forum of Fargo-Moorhead's business news team. Readers can reach him by email at, or by calling (701) 241-5583.
What To Read Next
“Why would we create new major programs, when we can’t even fund the programs that we have?” a public education lobbyist said in opposition to Noem's three-year, $15 million proposal.
Owners Tim and Elaine Gaslin say a changing market and the 11th Street underpass project prompted them to close their physical location, but they'll still sell CDs and DVDs online.
John Bultman recently received notice from the city of Fargo that the business he has operated for 42 years violates city ordinances and he was given until March 30 to shut down.
Reporter Tammy Swift joins host Thomas Evanella to talk about why new businesses are finding big success in small towns.