Former Distillery with Redevelopment
341 SW 5th St, Dickinson, ND 58601
For Sale
Contact for pricing
Unique property in San Leon subdivision, Dickinson, awaiting creative vision.
Property Size5,600 SF
Price / SF$89.11
Days on Market239
Property Features for 341 SW 5th St
General Information
Standard status
Size
Property subtype
Listing Agency:
Platinum Properties
Listed By:
Jennifer Hurst · License ND #450471
(832) 282-6396
Source:
Crexi
Added: Mar 17
Changed: Nov 9
Last Checked: Nov 8 at 6:41AM
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 Platinum Properties
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Investment Insights
Based on property information with market context.
Located in the San Leon subdivision of Dickinson, this property at 341 5th Street presents a unique opportunity. Formerly a distillery, the property includes two buildings offering redevelopment potential. The 60 X 60 building is equipped with two 5-ton A/C units and bathrooms. The second building, measuring 40 X 50, features a bathroom and a small office space. A 20 X 40 covered patio and deck enhance the property. This versatile space is suitable for various uses, including residential, commercial, an indoor sports facility, a storefront, or a mixed-use development. The property offers 5600 square feet of space, presenting an opportunity to embrace its industrial past and craft an exciting future.
Key Highlights
- Unique former distillery converted into a versatile property.
- Two spacious buildings: 60 X 60 building with two 5‑ton A/C units and bathrooms, and a 40 X 50 building with a bathroom and office.
- Located in the desirable San Leon subdivision of Dickinson.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,768
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,360
$655.4K
Cap Rate 7%
$468,114
$468.1K
Cap Rate 9%
$364,089
$364.1K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$55.8K $9.96/SF
− Vacancy
−$3.3K −$0.60/SF
EGI
$52.4K $9.36/SF
− OpEx
−$19.7K −$3.51/SF
NOI
$32.8K $5.85/SF
Area
Stark County, ND
Vacancy
6.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,360
Cap Rate 7%
$468,114
Cap Rate 9%
$364,089
Alternative Uses
Best Use
Mixed Use
$468.1K
$409.6K – $546.1K
NOI $32,768 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.44M
$3.89M – $5.18M
NOI $310,896 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
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Business Placement
Demographics for 58601, ND
29,697
Population
13,619
Households
2.2
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
570.6 sq mi
ZIP Area
52
Density / Sq Mi
$81,008
Median Household Income
$49,085
Median Earnings
$968
Median Rent
$269,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Unique property in San Leon subdivision, Dickinson, awaiting creative vision.
Where is this mixed-use property located?
The property is located at 341 SW 5th St Dickinson, ND.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Unique former distillery converted into a versatile property.; Two spacious buildings: 60 X 60 building with two 5‑ton A/C units and bathrooms, and a 40 X 50 building with a bathroom and office.; Located in the desirable San Leon subdivision of Dickinson.
