112 NW 2nd Ave - Storefront Retail/Residential FOR SALE


Mandan, ND 58554
$677,000 USD
701-319-3000
112 NW 2nd Ave, Mandan, ND for Sale
$677,000 USD
Storefront Retail/Residential - FOR SALE
1/21
null | Request Cap Rate

112 NW 2nd Ave
Mandan, ND 58554


OVERVIEW

This 7,680 SF mixed use property, built in 1940 and renovated in 2023, takes center stage with its versatile layout, including a 1,400 SF main floor studio space with a roll-up door and a 2,500 SF completely renovated flex space with a retail storefront. With a projected cap rate of 10% at market rents, this property features a Firestone rubber membrane roof, new electrical, new plumbing, and new fire alarm system. With five apartments on the second floor (including three fully renovated units), this property is primed for investment success. Sale Price: $677,000 Building Size: 7,680 SF 2024 Taxes: $6,032.91 Specials Balance: $0 Specials Installments: $0 PROPERTY HIGHLIGHTS: Five Apartments on 2nd Floor (1 Vacant) Four Apartments Have Been Updated Ground Floor Office / Retail 1,400 SF Main Floor Studio Space w/Roll-Up Door 2,500 SF Completely Renovated Main Floor Flex Space w/Retail Storefront Projected Cap Rate at Market Rents = 10% Firestone Rubber Membrane Roof New Electrical, Plumbing, and Fire Alarm System Great Downtown Mandan Location Built in 1940 and Renovated in 2023

FOR SALE DETAILS

PRICE

$677,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

ETZ

APN/PARCEL ID

65-2333000

ASK ABOUT THIS PROPERTY

George YinemanRise Property Brokers, IncMore Info
701-319-3000

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George YinemanRise Property Brokers, IncMore Info
701-319-3000

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