Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Retail Space in Mandan Title is generated by Realmo AI

    112 2nd Ave NW, Mandan, ND 58554

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6 SF/Yr

    Move-in ready retail space in downtown Mandan.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 6 at 1:04 am

    Property Features for 112 2nd Ave NW

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1948

    Spaces For Lease

    at 112 2nd Ave NW Contact us

    We can help!

    Listing Contact
    Brett Bina, Commercial REALTOR®

    Listing agent Brett Bina, Commercial REALTOR® License ##9182

    Listing office

    Listing date Mar 6, 2026

    Source Thecragroup

    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 Brett Bina, Commercial REALTOR®

    HighLights

    • Prime downtown Mandan location, one block from Main Street
    • Recently updated interior
    • Spacious interior with versatile layout
    • Move‑in ready condition
    • In‑unit restroom and storage room
    • Ample street parking in front of building

    Overview

    This retail space is located in downtown Mandan, one block from Main Street. The suite has been recently updated and features a spacious interior. It includes a restroom and a versatile layout suitable for various business types. The space is move-in ready and offers ample floor space. Additional features include large windows facing 2nd Ave NW, a front reception/desk area, and a storage room. Street parking is available in front of the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mandan
    County
    Morton
    State
    North Dakota
    Longitude
    -100.892601
    Latitude
    46.826129

    Nearby Similar for Lease

    • $950/Mo

      Turnkey Commercial Studio for Lease

      High-end, fully equipped studio for stylists, artists, and beauty professionals.
      2101 40th Avenue SE, Mandan, ND 58554
      View Details
    • $1,125/Mo
      1,500 SF

      Versatile Flex Space with Office

      1,500 SF flex space with office and roll-up door.
      806 Adobe Trail Southeast, Mandan, ND 58554
      View Details
    • $4,800/Mo
      2,460 SF

      Waterfront Office with Shop Space

      Commercial flex space available January 2026 with bay and riverfront views.
      2614 Marina Road Southeast, Mandan, ND 58554
      View Details
    • $3,000/Mo
      4,000 SF

      Mandan Commercial Space For Lease

      Versatile commercial space with high visibility on Memorial Highway.
      2812 Memorial Hwy, Mandan, ND 58554
      View Details
    • $12 SF/Yr
      1,134 SF

      Downtown Mandan Retail/Office Space

      Main floor retail or office space in historic Lewis & Clark.
      105 3rd Avenue Northwest, Mandan, ND 58554
      View Details
    • $400/Mo
      258 SF

      Historic Office Space in Mandan

      Main floor office space in historic Lewis & Clark Hotel.
      406 W Main Street, Mandan, ND 58554
      View Details
    • $10 SF/Yr
      1,925 SF

      Mandan Retail/Office Space Available

      High-visibility retail/office space with storage in Mandan.
      216 E Main St, Mandan, ND 58554
      View Details
    • $9 SF/Yr
      11,800 SF

      Spacious Industrial Property in Mandan

      11,800 SF shop and office space for lease.
      2812 Memorial Highway, Mandan, ND 58554
      View Details
    • $22 SF/Yr
      5,100 SF

      Retail Space with Patio

      5,100 SF retail space with high visibility and patio.
      4530 Memorial Hwy, Mandan, ND 58554
      View Details
    • $1,000/Mo
      1,000 SF

      Mandan Shop Bay For Rent

      1,000-SF shop bay with overhead door and floor drain.
      2020 3rd St SE, Mandan, ND 58554
      View Details
    • $8 SF/Yr
      17,000 SF

      Versatile Industrial Property with Office

      Spacious industrial property featuring office space and expansive shop area.
      2909 Twin City Drive, Mandan, ND 58554
      View Details
    • $7,500/Mo
      6,000 SF

      Mandan Clinic/Office Space for Lease

      6,000 SF clinic/office space available for lease in Mandan.
      113 3rd Ave NW, Mandan, ND
      View Details

    FAQs

    What type of property is this?
    Retail space - Move-in ready retail space in downtown Mandan.
    Where is this retail space located?
    The property is located at 112 2nd Ave NW Mandan, ND.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Mandan location, one block from Main Street; Recently updated interior; Spacious interior with versatile layout
    (701) 527-0138
    We can help!
    Listing Contact
    Brett Bina, Commercial REALTOR®
    Real Estate License ID: #9182
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    112 2nd Ave NW, Mandan, ND 58554
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!