112 2nd Ave NW, Mandan

For Sale

112 2nd Avenue Northwest, Mandan, ND 58554

This Mandan property for sale is located at 112 2nd Avenue Northwest. The current listed sale price for 112 2nd Ave NW, Mandan is $655,000.

Contacts

broker
George Yineman

Rise Property Brokers

Property Details

  • Property Type Retail - Street Retail
  • Property Size 7,680 SF
  • Units 1
  • Additional Rent Contact for pricing
  • Year Built 1940
  • Date Updated Dec 11, 2024
Mandan, NDThis 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 four updated units), this property is primed for investment success.This 1,400 SF space offers a versatile layout with a roll-up door, ideal for a great meeting space or a trendy art and photography studio. The rustic brick finish, abundant natural light from huge windows, LED lighting, and forced air furnace create an inviting atmosphere. With a private entrance off the alley and a small bathroom, this downtown location in the Renaissance Zone is perfect for a coffee shop or creative studio. At a lease price of $900 per month plus utilities, this space is ready to bring your vision to life in a vibrant setting.
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Highlights

  • Sale Price: $650,000
  • Building Size: 7,680 SF
  • Five Apartments on 2nd Floor (1 Vacant)
  • Four Apartments Have Been Fully Renovated
  • 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
  • 2023 Taxes: $5,163.75
  • Specials Installments: $238.80

Attachments

Getting around

  • 73/100

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  • 50/100

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Location

  • City Mandan, ND
  • Zip Code 58554

Points of Interest

  • Cenex

    0.60 miles

  • Arco

    0.61 miles

  • Petro Serve USA

    0.63 miles

  • Mobil

    0.85 miles

  • Tesoro

    0.89 miles

  • Marathon

    0.93 miles

  • Third & Main Parking Ramp

    5.18 miles

  • Student Parking Lot

    5.68 miles

  • Staff Parking Lot

    5.71 miles

  • Papa Murphy's

    0.05 miles

  • Harvest Brazilian Grill

    0.06 miles

  • Mandan Diner & Soda Fountain

    0.08 miles

  • Hardee's

    0.44 miles

  • Subway

    0.49 miles

  • A&B Pizza

    0.53 miles

  • Taco John's

    0.65 miles

  • DQ Grill & Chill

    0.70 miles

  • Domino's

    0.78 miles

  • Dakota Farms Family Resturant

    0.81 miles

  • Dollar Store

    0.28 miles

  • Family Fare

    0.47 miles

  • Walmart Supercenter

    1.47 miles

  • Kohl's

    3.95 miles

  • TJ Maxx

    4.11 miles

  • Northbrook Shopping Center

    4.70 miles

  • Natural Grocers

    5.01 miles

  • Kirkwood Mall

    5.45 miles

  • Target

    5.48 miles

  • BisMan Community Food Co-op

    5.54 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
George Yineman

Rise Property Brokers