112 NW 2nd Ave
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112 NW 2nd Ave
7,800 SF 100% Leased Retail Building Mandan, ND 58554 $655,000 ($84/SF)
Executive Summary
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: $655,000
Building Size: 7,680 SF
2023 Taxes: $5,163.75
Specials Balance: $0
Specials Installments: $238.80
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
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: $655,000
Building Size: 7,680 SF
2023 Taxes: $5,163.75
Specials Balance: $0
Specials Installments: $238.80
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
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,800 SF
Building Class
C
Year Built
1940
Price
$655,000
Price Per SF
$84
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.99
Lot Size
0.09 AC
Zoning
ETZ
Parking
10 Spaces per 1,000 SF Leased
Walk Score ®
Very Walkable (72)
Nearby Major Retailers
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112 NW 2nd Ave
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