315 Main St S - Medical FOR SALE


Minot, ND 58701
$1,100,000 USD
701-720-1786
315 Main St S, Minot, ND for Sale
$1,100,000 USD
Medical - FOR SALE
1/12
null | 9% Cap Rate

315 Main St S
Minot, ND 58701


HIGHLIGHTS

  • Great investment opportunity in Minot's new revitalized downtown district.
  • The property includes 3 city lots, the building and two additional lots for parking.
  • Tenant leases have terms from 1 to 5 years.
  • Existing restaurantequipment conveys with the building.

OVERVIEW

Great investment opportunity in Minot's new revitalized downtown district. The Main Medical Building located at 315 South Main Street on the NE corner of Burdick Expressway is on the entrance to the continuing changing downtown district. In C3/Downtown Business District zone. In Minot's RENAISSANCE ZONE which offers tax breaks for qualifying improvements to the property. The property includes 3 city lots, the building and two additional lots for parking. Tenant leases have terms from 1 to 5 years. Existing restaurant equipment conveys with the building. All leases include taxes, building insurance, and common area maintenance. (CAM includes Wi-Fi, electric, heat, common are cleaning and snow removal) Additional add-on amenities are available was associated costs are reserved parking and premiere signage are available. 12 years of financials (2012-2022) available for quality buyers with confidentially agreement. One of the listing agents is the owner and is licensed real estate professional in North Dakota.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$35 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Main Medical Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

C3

APN/PARCEL ID

MI-24238-150-012-0

ASK ABOUT THIS PROPERTY

Blake KrabsethBetter Homes and Gardens Real Estate - Watne GroupMore Info
701-720-1786

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Blake KrabsethBetter Homes and Gardens Real Estate - Watne GroupMore Info
701-720-1786

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