Historic Bar and Grill with
105/107 Main, Arnegard, ND 58835
For Sale
$450,000
Updated bar and dining layout with covered patios, parking, and storage improvements for an operator planning a full rebuild.
Property Size5,664 SF
Price / SF$79.45
Days on Market149
Property Features for 105/107 Main
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
1248.00
Building Details
Year Built
Listing Agency:
eXp Realty
Listed By:
Kristy L Aasheim · License ND #9436
(406) 480-9383
Source:
Clearwaterproperties
Added: Jun 15
Changed: Nov 8
Last Checked: Nov 8 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
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Investment Insights
Based on property information with market context.
This historic bar and grill offers a spacious interior with a large dining room and a bar area that has been refinished as part of recent updates. The property includes covered patios for outdoor gatherings and a generous parking area for guest convenience. Living quarters are located above the bar, described as approximately 6 bedrooms and 1 bathroom, which may support owner occupancy or employee housing. For operational storage, a large outbuilding has been converted into cooler and freezer space.
The property is located at 105/107 Main Street in Arnegard, North Dakota, and is currently boarded up to help preserve and protect the building. A note in the remarks states the kitchen area experienced a fire; the affected area has been cleaned up, but repairs have not yet been completed.
For the right buyer, this configuration may suit a hospitality operator looking to restore and customize foodservice space following the fire and align the facility with their preferred concept. Please note that no liquor license is included in the sale, and the buyer will be responsible for obtaining any required licenses, permits, approvals, and inspections. Buyer and Buyer's Agent should independently verify all information prior to purchase, and proof of funds or lender pre-approval is required before showings.
The property is located at 105/107 Main Street in Arnegard, North Dakota, and is currently boarded up to help preserve and protect the building. A note in the remarks states the kitchen area experienced a fire; the affected area has been cleaned up, but repairs have not yet been completed.
For the right buyer, this configuration may suit a hospitality operator looking to restore and customize foodservice space following the fire and align the facility with their preferred concept. Please note that no liquor license is included in the sale, and the buyer will be responsible for obtaining any required licenses, permits, approvals, and inspections. Buyer and Buyer's Agent should independently verify all information prior to purchase, and proof of funds or lender pre-approval is required before showings.
Key Highlights
- Historic bar and grill built in 1900 with updated dining and bar layout, including refinished bar tops and restored pool table.
- Spacious interior includes a large dining room, plus covered patios for outdoor gatherings.
- Living quarters above the bar reportedly offer approximately 6 bedrooms and 1 bathroom for owner use or employee housing.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,205
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,100
$684.1K
Cap Rate 7%
$488,643
$488.6K
Cap Rate 9%
$380,056
$380.1K
Market Conditions
NOI Build-Up for 5,664 SF
Gross rent
$74.8K $13.20/SF
− Vacancy
−$29.2K −$5.15/SF
EGI
$45.6K $8.05/SF
− OpEx
−$11.4K −$2.01/SF
NOI
$34.2K $6.04/SF
Area
McKenzie County, ND
Vacancy
39.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,100
Cap Rate 7%
$488,643
Cap Rate 9%
$380,056
Alternative Uses
Best Use
Specialty Retail
$488.6K
$427.6K – $570.1K
NOI $34,205 @ 7.0% cap · market cap 7.60%
Second Best
Industrial
$311.1K
$272.2K – $363.0K
NOI $21,779 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,285 @ 7.0% cap · market cap 20.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
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Business Placement
Demographics for 58835, ND
1,050
Population
556
Households
1.9
Avg Household Size
29
Median Age
38%
College-Educated
97%
High-School Grad
241.0 sq mi
ZIP Area
4
Density / Sq Mi
$134,595
Median Household Income
$71,604
Median Earnings
$423,600
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bar & Pub - Updated bar and dining layout with covered patios, parking, and storage improvements for an operator planning a full rebuild.
Where is this bar & pub located?
The property is located at 105/107 Main Arnegard, ND.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Historic bar and grill built in 1900 with updated dining and bar layout, including refinished bar tops and restored pool table.; Spacious interior includes a large dining room, plus covered patios for outdoor gatherings.; Living quarters above the bar reportedly offer approximately 6 bedrooms and 1 bathroom for owner use or employee housing.
