Move-In Ready Office
1102 Main Street Williston, ND 58801
1102 Main Street, Williston, ND, 58801
Contact for pricing
For Sale
Contact for pricing
Office building with modernized interiors, central A/C, elevator service, and an asphalt parking lot.
Property Size15,755 SF
Price / SF$107.90
Days on Market42
Property Features for 1102 Main Street
General Information
- Standard status
- Active
- Size
- 15,755 SF
- Property subtype
- Office
Building Details
- Year Built
- 1954
Listing agency
Dakota Commercial Fargo
Listed by
Neal Beitelspacher · License #ND 8294
Source
Crexi
Added: Jun 10 Updated: Jul 20 at 8:06PM Checked: Jul 20 at 8:06PM
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 Dakota Commercial Fargo
Investment Insights
Based on property information with market context.
1102 Main Street is a 15,755 SF office building offering a professional, move-in-ready environment following a major remodel completed between 2014 and 2017. Improvements described in the property materials include updated windows, exterior improvements, and a rubber membrane roof installed in 2017, along with modernized interior office and meeting areas, a breakroom/kitchen, and elevator service. Access is supported by three stairways reaching both main and lower levels.
The property is positioned for high visibility on Main Street with convenient access to Highway 2, and includes an asphalt parking lot with approximately 40 spaces.
Building systems and features noted include hot water radiant heat, central A/C, and a fire sprinkler system.
The property is positioned for high visibility on Main Street with convenient access to Highway 2, and includes an asphalt parking lot with approximately 40 spaces.
Building systems and features noted include hot water radiant heat, central A/C, and a fire sprinkler system.
Key Highlights
- 15,755 SF office building on a 29,800 SF lot with Main Street visibility and convenient access to Highway 2
- Major remodel completed between 2014 and 2017 with over $3,000,000 invested in improvements
- 2017 updates include a rubber membrane roof plus exterior improvements and updated windows
Local Financial Insights For Healthcare Medical
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 | $236.3k | $15.00 |
| − Vacancy | −$2.4k | −$0.15 |
| EGI | $234.0k | $14.85 |
| − OpEx | −$93.6k | −$5.94 |
| NOI | $140.4k | $8.91 |
15,755 SF · lease $15.00/SF/yr · vacancy 1.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$2.53M
$2.21M – $2.95M
NOI $176,960 @ 7.0% cap · market cap 10.41%
Second Best
Healthcare Medical
$2.01M
$1.75M – $2.34M
NOI $140,377 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$3.47M
$3.04M – $4.05M
NOI $243,207 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Trinity Medical Group: ...
Physician
Trinity Medical Group: ...
Medical Group
Oxner William D
Physician
Kennedy James MD
Pediatrician
Macleod Paul MD
Physician
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FAQs
What type of property is this?
Office building - Office building with modernized interiors, central A/C, elevator service, and an asphalt parking lot.
Where is this office building located?
The property is located at 1102 Main Street Williston, ND.
What is the asking price?
The asking price for this property is $1,699,900.
What are key features of this property?
This property features: 15,755 SF office building on a 29,800 SF lot with Main Street visibility and convenient access to Highway 2; Major remodel completed between 2014 and 2017 with over $3,000,000 invested in improvements; 2017 updates include a rubber membrane roof plus exterior improvements and updated windows
