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625 SW 31st Ave

6,080 SF 100% Leased Retail Building Minot, ND 58701 $1,450,000 ($238/SF)

Investment Highlights

  • Busy location
  • Plenty of parking and space for a drive-thru
  • Option for multiple businesses or one

Executive Summary

This building is located in the busiest area of Minot, with plenty of parking, space for a drive-through, and is over 6,000 sq ft. This property is located on 31st Ave with over 8,000 cars passing a day, plus within blocks of Broadway/US83, and just as close to all major shopping in the city. The building was built in 2005 and has 6,080 sq ft. It is currently split with 2,080 sq ft being used as a laundromat and 4,000 sq ft as retail space. However, with the location of the bathrooms being on the back side it could be remodeled as one business, or as rental income with multiple businesses. The infrastructure to this building is high power with a 1200 amp service, multiple water heaters, a hot water storage tank, and a new roof in August of 2022. The laundromat side has a bathroom and typical laundry layout. The retail space is currently divided into 17 smaller office/rooms, an office, a reception area, a office supply space, a large utility room with mop sink, 1 bathroom, and another bathroom that is plumbed. This location is just what your business needs to succeed!

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,080 SF
Building Class
C
Year Built
2005
Price
$1,450,000
Price Per SF
$238
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Land Acres
0.69 AC
Zoning
C2 - General Commercial District
Parking
17 Spaces
Frontage
354 FT on 7th Street Southwest

Amenities

  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Nearby Major Retailers

Bremer Bank
Buffalo Wings & Rings
Caribou Coffee
Olive Garden
Starbucks
Leeann Chin
Grizzly's Grill N' Saloon
Anytime Fitness
Buffalo Wild Wings
Perkins Restaurant & Bakery
  • Listing ID: 31783877

  • Date on Market: 5/13/2024

  • Last Updated:

  • Address: 625 SW 31st Ave, Minot, ND 58701

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