Listing Agency: ERES Companies

Listed By: Mike Elliott · License #ND 8673

Source: Crexi

Added: Apr 12 Changed: Jul 21 Last Checked: Jul 22 at 4:41PM

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Investment Insights

Based on property information with market context.

This for-sale industrial flex building offers 6,000 +/- SF of space and includes office and shop areas. Recent renovations include new flooring in the office area, fresh paint throughout the shop, office, and bathroom areas, and new toilets and vanity/sinks in both the office and shop bathrooms. The property is zoned commercial, with proposed uses that include office or light industrial.

Located on a 0.241 +/- acre parcel, the site is ideally positioned under 3 miles from I-85. Watford City is approximately 19 miles away, and Williston is about 29 miles away.

The improvements and updated bathroom fixtures support day-to-day operations for either office functions or light industrial activity within the existing layout.

Key Highlights

• 6,000 +/- SF industrial space on 0.241 +/- AC
• Recent renovations: new flooring in the office, fresh paint throughout the shop, office, and bathroom areas
• Bathrooms updated with new toilets and vanity/sinks in both the office and shop

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Cafe & Coffee Shop Restaurant Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

13

Businesses Nearby

Explore this area Business Placement

Demographics for 58831, ND

1,122

Population

532

Households

2.1

Avg Household Size

35

Median Age

14%

College-Educated

92%

High-School Grad

416.0 sq mi

ZIP Area

3

Density / Sq Mi

$133,750

Median Household Income

$48,636

Median Earnings

$1,396

Median Rent

$384,100

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial space includes office and shop areas, with recent renovations throughout the office, shop, and bathrooms.

Where is this flex space located?

The property is located at 620 Elk St Alexander, ND.

What are key features of this property?

This property features: 6,000 +/- SF industrial space on 0.241 +/- AC; Recent renovations: new flooring in the office, fresh paint throughout the shop, office, and bathroom areas; Bathrooms updated with new toilets and vanity/sinks in both the office and shop