Freestanding Restaurant/Bar Building For
100 28 Ave SW Minot, ND
100 28 Ave SW, Minot, ND, 00000
Contact for pricing
For Sale
Contact for pricing
Freestanding restaurant/bar with commercial kitchen and ample parking.
Property Size8,320 SF
Lot Size1.09 Acres
Price / SF$192.31
Days on Market1262
Property Features for 100 28 Ave SW
General Information
- Standard status
- Active
- Size
- 8,320 SF
- Lot size
- 1.09 Acres
- Property subtype
- RETAIL
Listing Agency
Aspen Group
(701) 391-0561
Listed by
Mathew Reichert
(701) 391-0561
Source
Moodyscre
Added: Feb 3, 2023 Checked: Jul 19 at 3:22 am
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 Aspen Group
Investment Insights
Based on property information with market context.
This is a freestanding full-service restaurant and bar building. It features a commercial kitchen and bar infrastructure, including a large grill, prep areas, and dish room. The property includes a spacious carpeted seating area. There is abundant parking available, with approximately 78 spaces, including 4 handicapped spaces. The building benefits from excellent visibility on Broadway and Highway 83, a main north-south thoroughfare through Minot. The property size is 8,320 square feet.
Key Highlights
- Freestanding full‑service restaurant/bar building
- Commercial kitchen / bar infrastructure in place
- Excellent visibility from Broadway / Hwy 83
Local Financial Insights For 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 | $99.8k | $12.00 |
| − Vacancy | −$2.1k | −$0.25 |
| EGI | $97.7k | $11.75 |
| − OpEx | −$29.3k | −$3.52 |
| NOI | $68.4k | $8.22 |
8,320 SF · lease $12.00/SF/yr · vacancy 2.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$977.4K
$855.3K – $1.14M
NOI $68,420 @ 7.0% cap · market cap 4.28%
Second Best
Specialty Retail
$650.8K
$569.5K – $759.3K
NOI $45,557 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.12M
$977.4K – $1.30M
NOI $78,195 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
FAQs
What type of property is this?
Restaurant - Freestanding restaurant/bar with commercial kitchen and ample parking.
Where is this restaurant located?
The property is located at 100 28 Ave SW Minot, ND.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Freestanding full‑service restaurant/bar building; Commercial kitchen / bar infrastructure in place; **Excellent visibility from Broadway / Hwy 83**
