Historic Bar and Grill
105-107 Main Street, Arnegard, ND 58835
For Sale
Contact for pricing
Updated historic bar and grill with dining room, covered patios, and onsite living quarters above the bar.
Property Size5,664 SF
Price / SF$79.45
Days on Market150
Property Features for 105-107 Main Street
General Information
Standard status
Size
Property subtype
Zoning
Investment Type
Building Details
Year Built
Listing Agency:
Exp Realty
Listed By:
Kristy Madden · License ND #9436
(406) 480-9383
Source:
Crexi
Added: Jun 18
Changed: Nov 13
Last Checked: Nov 12 at 6:18AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This historic bar and grill features a spacious interior layout designed for dining and guest service, along with refinished bar top surfaces and restored entertainment components. The property includes a large dining room, new tables and chairs throughout, expansive covered patios for outdoor gatherings, and a generous on-site parking area for guests. Above the bar, there are approximately six bedrooms and two bathrooms that can support owner occupancy, employee housing, or other living arrangements. For storage and operational flexibility, there is a custom-built large outbuilding with cooler and freezer space.
The building is currently boarded up to help preserve and protect the structure. The kitchen area experienced a fire; the affected area has been cleaned up, but repairs have not yet been completed. A buyer will have the opportunity to evaluate the remaining work and decide how to finalize the kitchen improvements. Please note that no liquor license is included in the sale, and the buyer is responsible for obtaining any required licenses, permits, approvals, and inspections for future business operations.
For a prospective operator or buyer, this property offers a bar and grill framework with covered patio space, an existing dining layout, and dedicated refrigeration/freezer storage. The above-bar living quarters provide additional flexibility for owners or staff, while the post-fire condition in the kitchen creates a scope for personalization and completion after purchase.
The building is currently boarded up to help preserve and protect the structure. The kitchen area experienced a fire; the affected area has been cleaned up, but repairs have not yet been completed. A buyer will have the opportunity to evaluate the remaining work and decide how to finalize the kitchen improvements. Please note that no liquor license is included in the sale, and the buyer is responsible for obtaining any required licenses, permits, approvals, and inspections for future business operations.
For a prospective operator or buyer, this property offers a bar and grill framework with covered patio space, an existing dining layout, and dedicated refrigeration/freezer storage. The above-bar living quarters provide additional flexibility for owners or staff, while the post-fire condition in the kitchen creates a scope for personalization and completion after purchase.
Key Highlights
- Updated historic bar and grill with a large dining room and extensive upgrades including refinished bar tops and restored pool table
- Expansive covered patios for outdoor gatherings plus a generous onsite parking area for guests
- Living quarters above the bar with approximately 6 bedrooms and 2 bathrooms for owner occupancy or extra income use
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
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bar & Pub - Updated historic bar and grill with dining room, covered patios, and onsite living quarters above the bar.
Where is this bar & pub located?
The property is located at 105-107 Main Street 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: Updated historic bar and grill with a large dining room and extensive upgrades including refinished bar tops and restored pool table; Expansive covered patios for outdoor gatherings plus a generous onsite parking area for guests; Living quarters above the bar with approximately 6 bedrooms and 2 bathrooms for owner occupancy or extra income use
