Horace Mixed-Use Development
301 Main St Horace, ND
301 Main St, Horace, ND, 00000
Contact for pricing
For Sale
Contact for pricing
Prime location with retail, office, or mixed-use potential.
Property Size8,139 SF
Lot Size0.41 Acres
Price / SF$301.02
Days on Market314
Property Features for 301 Main St
General Information
- Standard status
- Active
- Size
- 8,139 SF
- Lot size
- 0.41 Acres
- Property subtype
- RETAIL
Properties For Sale
at 301 Main St Contact us
Listing Agency
JBC Commercial
(701) 936-8171
Listed by
Alyssa Lakosky
Source
Moodyscre
Added: Sep 10, 2025 Checked: Jul 19 at 3:14 am
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 property presents a build-to-suit opportunity for lease or sale in downtown Horace, a fast-growing area. The property offers flexible square footage options to suit various needs, with potential for retail, office, or mixed-use layouts. The second floor allows for optional use as apartments, office space, or additional retail. Construction is slated to begin in Spring 2026, offering the possibility for early customization. The property size is 8139 square feet.
Key Highlights
- Prime downtown Horace location in a fast‑growing area
- Build‑to‑suit opportunity for lease or sale
- Flexible square footage options available to suit your needs
Local 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
Office B
$761.8K
$666.6K – $888.8K
NOI $53,327 @ 7.0% cap · market cap 2.18%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Prime location with retail, office, or mixed-use potential.
Where is this retail space 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: Prime downtown Horace location in a fast‑growing area; Build‑to‑suit opportunity for lease or sale; Flexible square footage options available to suit your needs
