Minot Commercial Property For
36 NE 3rd St Minot, ND 58703
36 NE 3rd St, Minot, ND, 58703
$590,000
For Sale
$590,000
COMMERCIAL - Minot, ND
Property Size7,200 SF
Price / SF$81.94
Days on Market112
Property Features for 36 NE 3rd St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M2
- Standard status
- Active
- APN
- MI24.313.020.0182
- Size
- 7,200 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10800
Building Details
- Year built
- 1947
Listing Agency
Better Homes and Gardens Real Estate Watne Group
(701) 852-1156
408 N Broadway, Minot, ND
Listed by
Joshua Skjoldal
(701) 852-1156
Added: Apr 1 Updated: May 28 at 2:33 pm Checked: Jul 21 at 5:06 am
MLS# 251567
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.
Investment Insights
Based on property information with market context.
Located in a high-traffic area of downtown Minot, this commercial property offers 7,200 sq ft above ground and a basement area suitable for storage or expansion. The property is zoned M2, making it suitable for a variety of uses. The building features a mix of office and retail space, along with a shop area that includes three 12'x14' overhead doors and one 10'x10' door. The property offers visibility and easy access to major roads, making it suitable for a business looking to grow or invest in a flexible, well-located space.
Key Highlights
- High‑traffic downtown location in Minot.
- 7,200 sq ft of above‑ground space plus basement.
- M2 zoning allows for a variety of commercial uses.
Local Financial Insights For Mixed Use
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 | $71.7k | $9.96 |
| − Vacancy | −$5.6k | −$0.78 |
| EGI | $66.1k | $9.18 |
| − OpEx | −$24.8k | −$3.44 |
| NOI | $41.3k | $5.74 |
7,200 SF · lease $9.96/SF/yr · vacancy 7.80% · expense 37.50%
Alternative Uses
Best Use
Retail
$845.9K
$740.1K – $986.8K
NOI $59,210 @ 7.0% cap · market cap 10.04%
Second Best
Office B
$829.5K
$725.8K – $967.8K
NOI $58,066 @ 7.0% cap · market cap 9.84%
Theoretical Best
Office A
$966.7K
$845.9K – $1.13M
NOI $67,668 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Poem Design Co
Theater & Performing Art Venue
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use commercial property in high-traffic Minot location with flexible space.
Where is this mixed-use property located?
The property is located at 36 NE 3rd St Minot, ND.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: High‑traffic downtown location in Minot.; 7,200 sq ft of above‑ground space plus basement.; M2 zoning allows for a variety of commercial uses.
