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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 Oct 25, 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

75/100
Walk Score ®
50/100
Bike Score ®

Powered by Walk Score ®

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.