Historic Bar and Grill
105-107 Main Street, Arnegard, ND 58835
Call to check price and availability
Updated historic bar and grill with dining room, covered patios, and onsite living quarters above the bar.
Type:Retail
Property size:
5,664 SFPrice / SF:
$88/SF- Added:
- Jun 18, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 24 at 4:49 am
Property Features for 105-107 Main Street
General Information
- Standard status
- Active
- Size
- 5,664 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1900
Listing office Exp Realty (406) 480-9383
Listing date Jun 18, 2026
Source Crexi
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
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
- Large outbuilding custom built into cooler and freezer space for storage and operational flexibility
- Kitchen area experienced a fire; cleanup completed but repairs not yet finished, offering customization opportunity
- No liquor license included in the sale; buyer responsible for obtaining required licenses, permits, approvals, and inspections
Overview
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.
Local Financial Insights For Specialty Retail
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 | $74.8k | $13.20 |
| − Vacancy | −$29.2k | −$5.15 |
| EGI | $45.6k | $8.05 |
| − OpEx | −$11.4k | −$2.01 |
| NOI | $34.2k | $6.04 |
5,664 SF · lease $13.20/SF/yr · vacancy 39.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$488.6K
$427.6K – $570.1K
NOI $34,205 @ 7.0% cap · market cap 6.85%
Second Best
Industrial
$311.1K
$272.2K – $363.0K
NOI $21,779 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,285 @ 7.0% cap · market cap 18.89%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Bars & Pubs
Location Insight
- Map
- Local Demand
- City
- Arnegard
- County
- McKenzie
- State
- North Dakota
- Longitude
- -103.440313
- Latitude
- 47.809171
Nearby Similar for Sale
FAQs
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 $499,000.
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
