This enlargement of a real photograph postcard is dated 1935. The photographer was looking north on Broadway from the Black Building.
Proceeding north on the west side of Broadway we can see the Western Furniture Co., the Fargo Theater, the Powers Hotel, and St. Mary's. No other signs are legible.
Proceeding south on the east side of Broadway, we can see the First Lutheran Church, the Ford Building, the Viking Hotel, and a large building on Fourth Avenue with the Monad Coffee shop on the first floor. Crossing Fourth Street, there is the Fargoan Hotel and a number of illegible signs. On the corner with Fourth Street is another cafe and on the south corner is another hotel. Further down the block is the Kaybee Store and the W.O. Olsen Furniture Co.
In the upper right one can see the Great Northern Depot and clock and the Fairway Food Store. On the extreme right in the center, one can see McKinley School, the First Ward school, which was built in 1900. It was located on Third Avenue North between Broadway and Fifth Street.
Note the blur of the great Northern Train as it crosses Broadway.
A similar image, taken in 2000 from the Black Building, can be found here.