Freestanding Restaurant/Bar Building For
For Sale
Contact for pricing
100 28 Ave SW, Minot, ND
Freestanding restaurant/bar with commercial kitchen and ample parking.
Property Size8,320 SF
Lot Size1.09 Acres
Price / SF$192.31
Days on Market1353
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) 223-2450
Listed By:
Mathew Reichert
(701) 391-0561
Source:
Moodyscre
Added: Feb 3, 2023
Changed: Oct 2
Last Checked: Oct 16 at 10:19AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,420
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,400
$1.4M
Cap Rate 7%
$977,429
$977.4K
Cap Rate 9%
$760,222
$760.2K
Market Conditions
NOI Build-Up for 8,320 SF
Gross rent
$99.8K $12.00/SF
− Vacancy
−$2.1K −$0.25/SF
EGI
$97.7K $11.75/SF
− OpEx
−$29.3K −$3.52/SF
NOI
$68.4K $8.22/SF
Area
Ward County, ND
Vacancy
2.10%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,400
Cap Rate 7%
$977,429
Cap Rate 9%
$760,222
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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**
