Minot, ND
Commercial Real Estate Market Trends & Data

$252 Avg asking sale price
$13 Avg asking lease rate
32,251 SF Avg unit lease size
41,539 SF Avg building size for sale
7.20% Average cap rate

Minot's Demographic Profile

Minot has 17,411 households and a median income of $68,021, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 40,284
# Households 17,411
Median age 36
Median household income $68,021
Avg household size 2.0
Renter-occupied housing units 7,950
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Minot, ND

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Minot $225 22,993 SF 8.00%
Killdeer $142 19,650 SF 8.29%
Nearby Retail Markets Avg Cost/SF Typical Size
Minot $296 12,728 SF
Velva $97 696 SF
Berthold $89 3,840 SF
Mohall $140 9,100 SF
Bottineau $28 5,600 SF

Commercial Properties For Sale in Minot

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Dollar General - Top 20% of all DGs in the US

Minot, ND 58703

  • 9,100 SF Retail Building
  • 6.75% Cap Rate
  • $1,436,000
For Sale

1609 SW 33rd St

Minot, ND 58701

  • 9,600 SF Industrial Building
  • 8.00% Cap Rate
  • $1,528,725
For Sale

Commerical lot

Minot, ND 58701

  • 0.79 AC Lot
  • 1 Commercial Lot
  • $625,000
For Sale

Unimproved commerical land

Minot, ND 58701

  • 20 AC Lot
  • 1 Commercial Lot
  • $4,356,000
For Sale

400 37th Ave SW ave

Minot, ND 58701

  • 1.20 AC Lot
  • 1 Commercial Lot
  • $679,900
For Sale

SW Corner Lot at 37th Ave SW Ave, Minot, ND

Minot, ND 58701

  • 35.58 AC Lot
  • 1 Commercial Lot
  • $12,940,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Minot pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Minot $252 41,539 SF
Velva $97 696 SF
Berthold $89 3,840 SF
Max $81 1,380 SF

Multifamily Properties For Sale in Minot

For Sale

123 1st St SW

Minot, ND 58701

  • 70,330 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Minot alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Minot or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Minot 40,284 17,411 36 $68,021 2 7,950 -1%
Velva 866 343 42 $70,208 2 65 -6%
Berthold 389 149 42 $98,124 3 21 -8%
Max 299 128 48 $60,682 2 24 -2%
Makoti 78 31 47 $89,999 2 6 -5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Minot, ND and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Minot

View All Commercial Real Estate For Sale in Minot
Is Minot a good market for a first-time commercial real estate investor?

Minot offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Minot?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Minot. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Minot?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Minot. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Minot compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Minot. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Minot acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Minot, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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