Steel Flex Building with Production
7581 Hwy. 2 W Devils Lake, ND 58301
7581 Hwy. 2 W, Devils Lake, ND, 58301
$1,300,000
For Sale
$1,300,000
COMMERCIAL - Devils Lake, ND
Property Size9,600 SF
Lot Size19.39 Acres
Price / SF$135.42
Days on Market138
Property Features for 7581 Hwy. 2 W
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2
- Standard status
- Active
- Size
- 9,600 SF
- Lot size
- 19.39 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6010
Utilities
- Sewer type
- Septic Tank
- Heating system
- Propane (Heating), Radiant
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Carpet, Vinyl
- Roof type
- Metal
Listing agency
Real Estate 7
(701) 662-7171
Listed by
Allan M. Freidig
(701) 662-7171
Added: Mar 5 Updated: Jul 17 at 1:41AM Checked: Jul 21 at 12:06PM
MLS# 11667449
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.
This for-sale commercial property includes approximately 9,600 square feet of fully finished space in a well-built steel building with a thermal package. The interior layout features several private office spaces, a conference room, and a large production area designed to support multiple operational uses. Additional storage is provided with loft storage.
The property site also includes two rental units of approximately 1,000 square feet each. Each unit includes five beds, bathroom facilities, a cooking area, and boat storage, which supports short-term lodging, workforce housing, hunting/fishing accommodations, or additional income opportunities.
Set on approximately 19.39 acres in a peaceful country setting, the property offers room for mixed-use possibilities and operational flexibility. The address is 7581 Hwy. 2 W, Devils Lake, ND 58301.
The property site also includes two rental units of approximately 1,000 square feet each. Each unit includes five beds, bathroom facilities, a cooking area, and boat storage, which supports short-term lodging, workforce housing, hunting/fishing accommodations, or additional income opportunities.
Set on approximately 19.39 acres in a peaceful country setting, the property offers room for mixed-use possibilities and operational flexibility. The address is 7581 Hwy. 2 W, Devils Lake, ND 58301.
Key Highlights
- Approximately 9,600 SF fully finished space in a well‑built steel building with a thermal package for versatile commercial use
- Interior includes several private office spaces, a conference room, and a large production area
- Two rental units, approximately 1,000 SF each, with five beds, bathroom facilities, boat storage, and a cooking area
Local Financial Insights For Flex RnD
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 | $95.6k | $9.96 |
| − Vacancy | −$6.7k | −$0.70 |
| EGI | $88.9k | $9.26 |
| − OpEx | −$31.1k | −$3.24 |
| NOI | $57.8k | $6.02 |
9,600 SF · lease $9.96/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$825.7K
$722.5K – $963.3K
NOI $57,800 @ 7.0% cap · market cap 4.45%
Second Best
Industrial
$803.5K
$703.1K – $937.4K
NOI $56,246 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $132,963 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - For sale steel flex building with private offices, conference room, and a large production area on nearly 19.4 acres.
Where is this flex space located?
The property is located at 7581 Hwy. 2 W Devils Lake, ND.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately 9,600 SF fully finished space in a well‑built steel building with a thermal package for versatile commercial use; Interior includes several private office spaces, a conference room, and a large production area; Two rental units, approximately 1,000 SF each, with five beds, bathroom facilities, boat storage, and a cooking area
