Heated Shop Condo with
2520 20th Ave Unit N SE, Minot, ND 58701
Versatile 1,800 SQFT shop condo with office loft.
Type:Industrial
Property size:
1,800 SFPrice / SF:
$116/SF- Added:
- May 21, 2026
- Days on Market:
- 11
- Last Refresh:
- May 27 at 8:18 am
Property Features for 2520 20th Ave Unit N SE
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2008
Listing agent Kausha Bakk License #7683
Listing office Brokers 12
Listing date May 21, 2026
Source Crexi
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 Brokers 12
HighLights
- Heated 30x60 (1,800 SQFT) shop condo, ideal for business or storage.
- Convenient location off the 2 & 52 bypass east of Schatz Crossroads.
- Finished 20x30 office loft with a 1/2 bath included.
- Features a 14‑ft overhead door and walk‑in entry.
- Equipped with floor drains and electric heat.
- Floor heat is stubbed in and ready for a boiler.
Overview
This 30x60 shop condo offers 1,800 square feet of versatile space suitable for running a small business or storage. It is located just off the 2 & 52 bypass east of Schatz Crossroads, providing easy access. Features include a 14-foot overhead door, walk-in entry, floor drains, and electric heat. Floor heat is stubbed in and ready for a boiler. A 20x30 office loft is built out upstairs, complete with a 1/2 bath, making it an ideal office space, break room, or flex space.
Local Financial Insights For Office B
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 | $19.9k | $11.04 |
| − Vacancy | −$517 | −$0.29 |
| EGI | $19.4k | $10.75 |
| − OpEx | −$4.8k | −$2.69 |
| NOI | $14.5k | $8.06 |
1,800 SF · lease $11.04/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$207.4K
$181.5K – $241.9K
NOI $14,516 @ 7.0% cap · market cap 6.92%
Second Best
Warehouse
$157.2K
$137.5K – $183.4K
NOI $11,003 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$241.7K
$211.5K – $282.0K
NOI $16,917 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Minot
- County
- Ward
- State
- North Dakota
- Longitude
- -101.263757
- Latitude
- 48.209893
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Versatile 1,800 SQFT shop condo with office loft.
Where is this flex space located?
The property is located at 2520 20th Ave Unit N SE Minot, ND.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Heated 30x60 (1,800 SQFT) shop condo, ideal for business or storage.; Convenient location off the 2 & 52 bypass east of Schatz Crossroads.; Finished 20x30 office loft with a 1/2 bath included.
