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    Mixed-Use Retail and Living Building Title is generated by Realmo AI

    28 Main Street, Halliday, ND 58636

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    Commercial space with a shop on the main level plus living quarters upstairs, offering flexible live-work use.

    Type:Retail, Office, Mixed Use
    Property size:
    4,607 SF
    Price / SF:
    $20/SF
    Added:
    May 29, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 4:08 am

    Property Features for 28 Main Street

    General Information

    Standard status
    Active
    Size
    4,607 SF
    Property subtype
    Retail, Office, Mixed Use

    Building Details

    Year Built
    1949

    We can help!

    Listing Contact
    Anthony Kleinwaechter

    Listing agent Anthony Kleinwaechter License #7083

    Listing office Nest Real Estate

    Listing date May 29, 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 Nest Real Estate

    HighLights

    • Commercial building built in 1949
    • Main level offers commercial space plus a shop
    • Second level includes living quarters for live‑work use
    • Layout provides flexible space that could support retail and event space uses

    Overview

    This mixed-use commercial building includes a shop and commercial space on the main floor, with living quarters located on the second level. The layout supports day-to-day operations below while keeping residential space above, which can be useful for owners and operators who want to combine work and living in one structure.

    The property is located at 28 Main Street in Halliday, ND. It is presented as a flexible space that can be adapted to multiple concepts, including retail and event-oriented uses, depending on the tenant or buyer’s business needs.

    From a tenant-buyer perspective, the combination of ground-floor commercial space and upstairs living quarters can fit operators looking for a live-work arrangement or a business that benefits from having an on-site residence. The property’s existing shop and commercial configuration on the main level also supports straightforward retail buildouts, while the second-floor living quarters provide ready-made space if residential occupancy is part of the plan. Interested parties should review the space and intended use directly to confirm layout suitability for their specific requirements.
    Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Hotel & Motel Storage Facility Bed & Breakfast Butcher Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Halliday
    County
    Dunn
    State
    North Dakota
    Longitude
    -102.337321
    Latitude
    47.354499

    FAQs

    What type of property is this?
    Live-work space - Commercial space with a shop on the main level plus living quarters upstairs, offering flexible live-work use.
    Where is this live-work space located?
    The property is located at 28 Main Street Halliday, ND.
    What is the asking price?
    The asking price for this property is $94,900.
    What are key features of this property?
    This property features: Commercial building built in 1949; Main level offers commercial space plus a shop; Second level includes living quarters for live‑work use
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Anthony Kleinwaechter
    Real Estate License ID: 7083
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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