Log In/Sign Up
Your email has been sent.
Main Medical Building 315 Main St S 31,152 SF 4% Leased Office Building Minot, ND 58701 $1,999,000 ($64.17/SF) 4.95% Cap Rate
INVESTMENT HIGHLIGHTS
- Great investment opportunity in Minot's new revitalized downtown district.
- Tenant leases have terms from 1 to 5 years.
- The property includes 3 city lots, the building and two additional lots for parking.
- Existing restaurantequipment conveys with the building.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
31,152 SF
Building Class
C
Year Built/Renovated
1927/2022
Price
$1,999,000
Price Per SF
$64.17
Cap Rate
4.95%
NOI
$99,000
Percent Leased
4%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,144 SF
Slab To Slab
12’
Building FAR
1.12
Lot Size
0.64 AC
Opportunity Zone
Yes
Zoning
C3 - General Commercial District
Parking
56 Spaces (1.84 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Central Heating
- Direct Elevator Exposure
- Reception
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
This is a space open to a wide variety of uses. With reception, private offices, and large meeting spaces, tenants have a lot of flexibility with how they choose to operate their business out of this space.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 30,000 SF | Office/Medical | Full Build-Out | Now |
1st Floor
| Size |
| 30,000 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 30,000 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
This is a space open to a wide variety of uses. With reception, private offices, and large meeting spaces, tenants have a lot of flexibility with how they choose to operate their business out of this space.
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | MI-24238-150-012-0 | Improvements Assessment | $374,000 |
| Land Assessment | $36,500 | Total Assessment | $410,500 |
PROPERTY TAXES
Parcel Number
MI-24238-150-012-0
Land Assessment
$36,500
Improvements Assessment
$374,000
Total Assessment
$410,500
CONTACTS
-
Blake Krabseth -
James Bowman -
Better Homes and Gardens Real Estate - Watne Group
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Main Medical Building | 315 Main St S
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.