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    35 E Main St Pick City, ND 58545

    Sponsored
    For Sale
    $325,000

    Business - Pick City, ND

    Type:Business
    Property size:
    2,500 SF
    Days on Market:
    3
    Last Refresh:
    Jan 24 at 5:06 am

    Property Features for 35 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    C1
    Size
    2,500 SF

    Utilities

    Heating system
    Forced Air, Propane (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1947
    Architectural style
    Other

    We can help!

    Listing Contact
    SHARI ANHORN

    Keller Williams Inspire Realty (701) 356-5000

    Listing agent SHARI ANHORN (701) 838-6800

    Listing date Jan 22, 2026

    MLS# 260099 Listing URL

    Copyright © 2026 Minot Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    The Dam Bar & Steakhouse

    The Dam Bar & Steakhouse is a historic bar and restaurant established in 1947, located in Pick City, North Dakota. Situated on 7 city lots, the property offers ample parking and room for potential expansion. It features an oversized back deck and a Dam Smoke Shak for offering smoked meats. The interior spans over 2500 square feet with occupancy for up to 100 people. The space includes timber walls, wood floors, and accents. The kitchen is fully equipped and features new flooring. The business operates with a full menu during summer hours and a limited menu for takeout during winter hours. A full service on/off sale liquor license is included. Furniture, fixtures, equipment, and inventory are included in the sale. Recent updates include a furnace and water heater installed in 2023, remodeled bathrooms in 2020, and a new roof on the main building in 2019, along with a new beer tap tower. Pick City is located on the headwaters of Lake Sakakawea and the Missouri River, near Highway 200 and close to State Parks & Campgrounds. The property is a turn-key business opportunity in a prime location near North Dakota’s recreation area.
    Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Pick City
    County
    Mercer
    State
    North Dakota
    Longitude
    -101.602
    Latitude
    47.396

    FAQs

    What type of property is this?
    Bar - Historic bar and restaurant established in 1947 in Pick City, ND.
    Where is this bar located?
    The property is located at 35 E Main St Pick City, ND.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Turn-key business opportunity: Includes furniture, fixtures, equipment, inventory, and a full on/off sale liquor license.; - Prime location: Situated on 7 city lots on HWY 200 in Pick City, near Lake Sakakawea and other recreational areas.; - Established and historic business: Operating since 1947 with a strong reputation and history in the community.
    (701) 838-6800
    Request Owner's contact information
    35 E Main St Pick City, ND 58545
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    Pick City, ND 58545
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    35 E Main St Pick City, ND 58545
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    We can help!
    Listing Contact
    SHARI ANHORN
    (701) 838-6800
    Learn more
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