Historic Bar and Grill with
105/107 Main Street, Arnegard, ND 58835
New
Updated bar and dining layout with covered patios, parking, and storage improvements for an operator planning a full rebuild.
Type:Commercial
Property size:
5,664 SFPrice / SF:
$88/SF- Added:
- Jun 15, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 16 at 2:00 am
Property Features for 105/107 Main Street
General Information
- Standard status
- Active
- Size
- 5,664 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agent Kristy L Aasheim
Listing office eXp Realty
Listing date Jun 15, 2026
Source Clearwaterproperties
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 eXp Realty
HighLights
- Historic bar and grill built in 1900 with updated dining and bar layout, including refinished bar tops and restored pool table.
- Spacious interior includes a large dining room, plus covered patios for outdoor gatherings.
- Living quarters above the bar reportedly offer approximately 6 bedrooms and 1 bathroom for owner use or employee housing.
- Outbuilding converted into cooler and freezer space for storage and operational flexibility.
- Currently boarded up; kitchen area fire damage has been cleaned up, but repairs are not yet completed.
- No liquor license included in the sale; buyer must obtain required licenses, permits, approvals, and inspections.
Overview
This historic bar and grill offers a spacious interior with a large dining room and a bar area that has been refinished as part of recent updates. The property includes covered patios for outdoor gatherings and a generous parking area for guest convenience. Living quarters are located above the bar, described as approximately 6 bedrooms and 1 bathroom, which may support owner occupancy or employee housing. For operational storage, a large outbuilding has been converted into cooler and freezer space.
The property is located at 105/107 Main Street in Arnegard, North Dakota, and is currently boarded up to help preserve and protect the building. A note in the remarks states the kitchen area experienced a fire; the affected area has been cleaned up, but repairs have not yet been completed.
For the right buyer, this configuration may suit a hospitality operator looking to restore and customize foodservice space following the fire and align the facility with their preferred concept. Please note that no liquor license is included in the sale, and the buyer will be responsible for obtaining any required licenses, permits, approvals, and inspections. Buyer and Buyer's Agent should independently verify all information prior to purchase, and proof of funds or lender pre-approval is required before showings.
The property is located at 105/107 Main Street in Arnegard, North Dakota, and is currently boarded up to help preserve and protect the building. A note in the remarks states the kitchen area experienced a fire; the affected area has been cleaned up, but repairs have not yet been completed.
For the right buyer, this configuration may suit a hospitality operator looking to restore and customize foodservice space following the fire and align the facility with their preferred concept. Please note that no liquor license is included in the sale, and the buyer will be responsible for obtaining any required licenses, permits, approvals, and inspections. Buyer and Buyer's Agent should independently verify all information prior to purchase, and proof of funds or lender pre-approval is required before showings.
Local Financial Insights For Specialty 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 | $74.8k | $13.20 |
| − Vacancy | −$29.2k | −$5.15 |
| EGI | $45.6k | $8.05 |
| − OpEx | −$11.4k | −$2.01 |
| NOI | $34.2k | $6.04 |
5,664 SF · lease $13.20/SF/yr · vacancy 39.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$488.6K
$427.6K – $570.1K
NOI $34,205 @ 7.0% cap · market cap 6.85%
Second Best
Industrial
$311.1K
$272.2K – $363.0K
NOI $21,779 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,285 @ 7.0% cap · market cap 18.89%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Bars & Pubs
Location Insight
- Map
- Local Demand
- City
- Arnegard
- County
- McKenzie
- State
- North Dakota
- Longitude
- -103.440313
- Latitude
- 47.809171
FAQs
What type of property is this?
Bar & Pub - Updated bar and dining layout with covered patios, parking, and storage improvements for an operator planning a full rebuild.
Where is this bar & pub located?
The property is located at 105/107 Main Street Arnegard, ND.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Historic bar and grill built in 1900 with updated dining and bar layout, including refinished bar tops and restored pool table.; Spacious interior includes a large dining room, plus covered patios for outdoor gatherings.; Living quarters above the bar reportedly offer approximately 6 bedrooms and 1 bathroom for owner use or employee housing.
