105 1st St SE - Apartments FOR SALE


Minot, ND 58701
$3,490,000 USD
701-720-1861
105 1st St SE, Minot, ND for Sale
$3,490,000 USD
Apartments - FOR SALE
1/78
null | Request Cap Rate

105 1st St SE
Minot, ND 58701


HIGHLIGHTS

  • Excellent renovation, cash flow positive, great tenant experience, fantastic location and best of all...plenty of on-property parking!!
  • Beautiful, active downtown Minot, North Dakota
  • Retail shopping, food and beverage, entertainment, government buildings are all within walking distance.
  • This is a solid construction, well maintained property.

OVERVIEW

This is fully renovated Mixed-Use real estate with plenty of on-property parking. All updates have been completed, All 'for-lease' space is rented other than the basement level. There are four above-ground levels and a full basement. The lease space consists of 18 Apartments/Condos (very high occupancy), a fully leased commercial space on the main floor, and a fully leased, recently completed Event Center on the second floor. As mentioned earlier, there is lease space on the basement level. The first floor, 14,357/SF of commercial space is currently leased. There is a large server room with security features including bulletproof viewing windows, Cat 5e cabling throughout, steel in the walls for security purposes, and a passcode for entry. Everything is coded to DOD standards. The 1st floor of the building is made up of space on 3 levels, with 4 to 6 steps connecting the levels. There is a sizable break room, several conference rooms, a comfort room, and offices. There are 50+ off-street parking spaces in the 150 2nd St SE lot east of the building. The commercial space can be subdivided with minimal cost.

FOR SALE DETAILS

PRICE

$3,490,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

20

PRICE/UNIT

$174,500

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1950

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

C3

APN/PARCEL ID

MI-24E01-000-003-0

ASK ABOUT THIS PROPERTY

Ed StecklerColdwell Banker 1st Minot RealtyMore Info
701-720-1861

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Ed StecklerColdwell Banker 1st Minot RealtyMore Info
701-720-1861

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.