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    1807 22Nd Ave SW Minot, ND 58701

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    For Sale
    $3,860,000

    Two-tenant investment property with drive-thru and freeway visibility.

    Property size:
    8,114 SF
    Lot size:
    1.07 Acres

    Property Features for 1807 22Nd Ave SW

    General Information

    Size
    8,114 SF
    Lot size
    1.07 Acres

    Source: Duemelands Commercial Real Estate Agent Jill Duemeland

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Drive-Thru Investment Property For Sale

    This two-tenant investment property features a drive-thru and a net rentable area of 8,114 square feet, situated on a 1.07-acre lot. The property has a 7.00% CAP Rate. It includes a new 10-year lease with Panera Bread and an early 5-year extension with Mattress Firm, indicating stable, long-term tenancy. The property benefits from a large pylon sign, enhancing visibility from the freeway. The property is located in Minot, ND.
    Insight Report Location Intelligence

    Current Use by Public Records

    Panera Bread Caterer Mattress Firm Minot Mattress Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Minot
    County
    Ward
    State
    North Dakota
    Longitude
    -101.3200037
    Latitude
    48.2093579

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    FAQs

    What type of property is this?
    Strip mall - Two-tenant investment property with drive-thru and freeway visibility.
    Where is this strip mall located?
    The property is located at 1807 22Nd Ave SW Minot, ND.
    What is the asking price?
    The asking price for this property is $3,860,000.
    What are key features of this property?
    This property features: - New 10-year lease with Panera Bread; - Extremely strong sales; - 7.00% CAP Rate
    (701) 221-2222
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    1807 22Nd Ave SW Minot, ND 58701
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    Minot, ND 58701
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    Realmo Value Estimation

    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.

    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.

    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
    1807 22Nd Ave SW Minot, ND 58701
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