Build-to-Suit Mixed-Use
For Sale
Contact for pricing
301 Main St, Horace, ND 58047
Build-to-suit opportunity in downtown Horace with flexible layouts and optional second-floor space.
Property Size8,139 SF
Price / SF$301.02
Days on Market327
Property Features for 301 Main St
General Information
Standard status
Active
Size
8,139 SF
Property subtype
RETAIL
Listing Agency:
JBC Commercial
(701) 936-8171
Listed By:
Alyssa Lakosky
Source:
Moodyscre
Added: Sep 10, 2025
Changed: Jul 26
Last Checked: Aug 1 at 1:46PM
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 JBC Commercial
Investment Insights
Based on property information with market context.
This build-to-suit property offers flexible options for a lease or sale, with customization available prior to construction. Flexible square footage options are available to suit your needs, with layout potential for retail, office, or a mixed-use configuration.
A second-floor option can support apartments, office use, or additional retail. Construction is scheduled to start in Spring 2026, allowing early customization.
The property is offered for sale and is located at 301 Main St in Horace, North Dakota.
A second-floor option can support apartments, office use, or additional retail. Construction is scheduled to start in Spring 2026, allowing early customization.
The property is offered for sale and is located at 301 Main St in Horace, North Dakota.
Key Highlights
- Build‑to‑suit opportunity for lease or sale in downtown Horace
- Flexible square footage options available to suit your needs
- Retail, office, or mixed‑use layout potential
Financial Insights For 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 | $123.1k | $15.12 |
| − Vacancy | −$5.2k | −$0.64 |
| EGI | $117.9k | $14.48 |
| − OpEx | −$35.4k | −$4.35 |
| NOI | $82.5k | $10.14 |
8,139 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.38M
NOI $82,525 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.50M
$1.32M – $1.75M
NOI $105,262 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 58047, ND
4,216
Population
1,815
Households
2.3
Avg Household Size
38
Median Age
43%
College-Educated
97%
High-School Grad
70.2 sq mi
ZIP Area
60
Density / Sq Mi
$142,216
Median Household Income
$68,783
Median Earnings
$963
Median Rent
$417,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Build-to-suit opportunity in downtown Horace with flexible layouts and optional second-floor space.
Where is this commercial land located?
The property is located at 301 Main St Horace, ND.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Build‑to‑suit opportunity for lease or sale in downtown Horace; Flexible square footage options available to suit your needs; Retail, office, or mixed‑use layout potential
