1400 11 1/2 Ave SW, Minot, ND 58701
Commercial Sale, Other - Minot, ND
- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 1400 11 1/2 Ave SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.24 Acres
Building Details
- Year built
- 1999
- Architectural style
- Other
Listing agent Dale Lawson License #3785,PersonLicenseNumber (701) 833-8150
Listing office NextHome Legendary Properties 400 4th St. SW, ND (701) 852-8151
Listing date Jun 25, 2026
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 30' x 60' heated shop on a 70' x 149.8' paved lot
- Built in 1999 with 12‑foot ceilings for an open, functional workspace
- Five overhead doors, including a 10‑foot‑tall door for vehicle and equipment access
- Recent updates: two power vents for air circulation, newer electrical, and a newer forced‑air natural gas furnace
- Building currently has no floor drain or water service, allowing room to add as needed
Overview
The shop sits on its own paved lot measuring 70 feet by 149.8 feet. This setup is intended to support day-to-day loading, staging, and vehicle movement associated with workshop or storage operations.
For buyers seeking a practical, flexible space in which to run a business, store equipment, or maintain a workshop, the combination of heated interior space, multiple overhead doors, and updated mechanicals offers a straightforward starting point. The absence of an existing floor drain and water service may be advantageous for owners who want to design those utilities to match their specific workflow.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.0k | $7.80 |
| − Vacancy | −$1.1k | −$0.61 |
| EGI | $12.9k | $7.19 |
| − OpEx | −$1.9k | −$1.08 |
| NOI | $11.0k | $6.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minot
- County
- Ward
- State
- North Dakota
- Longitude
- -101.3111566
- Latitude
- 48.2247977
