Sportsman's Lodge with Meeting
702 Highway 2 W Devils Lake, ND 58301
702 Highway 2 W, Devils Lake, ND, 58301
$550,000
For Sale
$550,000
COMMERCIAL - Devils Lake, ND
Property Size6,637 SF
Lot Size2.52 Acres
Price / SF$82.87
Days on Market30
Property Features for 702 Highway 2 W
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 39-0409-00002-000
- Size
- 6,637 SF
- Lot size
- 2.52 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5268
Utilities
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Flooring type
- Vinyl, Carpet, Laminate
- Building materials
- Vinyl Siding
- Roof type
- Asphalt, Metal
Listing agency
Real Estate 7
(701) 662-7171
Listed by
Allan M. Freidig
(701) 662-7171
Added: Jun 23 Updated: Jul 17 at 1:43AM Checked: Jul 22 at 12:06AM
MLS# 11848575
Copyright © 2026 My State MLS. 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.
The Devils Lake Sportsman’s Lodge is offered as a turnkey hospitality property featuring a mix of single rooms and fully equipped kitchenettes designed for anglers and extended-stay guests. The lodge includes a large fish cleaning facility, spacious outdoor common areas, and an expansive gathering/meeting room suited for group events, tournaments, or guided trips. An on-site office and private living quarters are also included, supporting convenient management. The property has undergone several recent updates and remodeling improvements intended to provide a modern, comfortable environment for guests.
Located just off US Highway 2 West in Devils Lake, the property benefits from straightforward highway access. Parking is available on-site, supporting arrival and stays for both visiting groups and individual anglers.
This property can fit investors or operators seeking a ready-to-run lodge concept in a recreational, fishing-focused market. With its combination of accommodations, dedicated fish cleaning space, and a large gathering/meeting area, it supports both day-to-day stays and group-oriented programming, while on-site office and private quarters help streamline day-to-day operations.
Located just off US Highway 2 West in Devils Lake, the property benefits from straightforward highway access. Parking is available on-site, supporting arrival and stays for both visiting groups and individual anglers.
This property can fit investors or operators seeking a ready-to-run lodge concept in a recreational, fishing-focused market. With its combination of accommodations, dedicated fish cleaning space, and a large gathering/meeting area, it supports both day-to-day stays and group-oriented programming, while on-site office and private quarters help streamline day-to-day operations.
Key Highlights
- Devils Lake Sportsman's Lodge with turnkey investment framing and mixed lodging options including single rooms and equipped kitchenettes
- Large fish cleaning facility plus spacious outdoor common areas for guest use and operations
- Expansive gathering/meeting room for group events, tournaments, or guided trips
Local Financial Insights For Hotel Hospitality
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 | $99.6k | $15.00 |
| − Vacancy | −$11.9k | −$1.80 |
| EGI | $87.6k | $13.20 |
| − OpEx | −$46.0k | −$6.93 |
| NOI | $41.6k | $6.27 |
6,637 SF · lease $15.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$594.5K
$520.2K – $693.6K
NOI $41,614 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,924 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hotels
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FAQs
What type of property is this?
Hotel - Turnkey sportsman's lodge with guest rooms, a fish cleaning facility, meeting space, and ample parking for lodge operations.
Where is this hotel located?
The property is located at 702 Highway 2 W Devils Lake, ND.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Devils Lake Sportsman's Lodge with turnkey investment framing and mixed lodging options including single rooms and equipped kitchenettes; Large fish cleaning facility plus spacious outdoor common areas for guest use and operations; Expansive gathering/meeting room for group events, tournaments, or guided trips
