Downtown Warehouse and Brewery
For Sale
Contact for pricing
36 3rd St NE, Minot, ND 58703
Versatile 9,202 SF downtown building on a 19,440 SF lot with heated garages, bathrooms, and three 10’ overhead doors.
Property Size9,202 SF
Lot Size0.45 Acres
Price / SF$103.24
Days on Market156
Property Features for 36 3rd St NE
General Information
Standard status
Active
Size
9,202 SF
Lot size
0.45 Acres
Property subtype
INDUSTRIAL
Amenities
heated garages with bathrooms
open basement
Listing Agency:
Aspen Group
(701) 400-7808
Listed By:
Michael Ilse · License #8214
(701) 400-7808
Source:
Moodyscre
Added: Feb 25
Changed: Jul 25
Last Checked: Jul 30 at 1:45PM
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 Aspen Group
Investment Insights
Based on property information with market context.
This downtown commercial building offers approximately 9,202 SF on a 19,440 SF lot. It was formerly operated as a bar, grill, and brewery and includes heated garages with bathrooms, an open basement suitable for storage or future expansion, and off-street parking.
The building also has (3) 10’ overhead doors, which can support a range of operational layouts. Its downtown setting is positioned for accessibility and visibility.
The combination of heated garage space, multiple overhead doors, and an open basement creates a flexible interior configuration for a variety of business uses that need both improvements and loading access.
The building also has (3) 10’ overhead doors, which can support a range of operational layouts. Its downtown setting is positioned for accessibility and visibility.
The combination of heated garage space, multiple overhead doors, and an open basement creates a flexible interior configuration for a variety of business uses that need both improvements and loading access.
Key Highlights
- Versatile 9,202 SF downtown commercial building on a 19,440 SF lot
- Heated garages with bathrooms
- Includes (3) 10’ overhead doors
Financial Insights For Warehouse
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 | $71.8k | $7.80 |
| − Vacancy | −$5.6k | −$0.61 |
| EGI | $66.2k | $7.19 |
| − OpEx | −$9.9k | −$1.08 |
| NOI | $56.3k | $6.11 |
9,202 SF · lease $7.80/SF/yr · vacancy 7.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$803.6K
$703.1K – $937.5K
NOI $56,251 @ 7.0% cap · market cap 5.92%
Second Best
Industrial
$661.8K
$579.1K – $772.1K
NOI $46,324 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,484 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
Demographics for 58703, ND
23,341
Population
10,643
Households
2.2
Avg Household Size
31
Median Age
34%
College-Educated
95%
High-School Grad
156.2 sq mi
ZIP Area
149
Density / Sq Mi
$82,926
Median Household Income
$48,355
Median Earnings
$1,030
Median Rent
$254,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Brewery - Versatile 9,202 SF downtown building on a 19,440 SF lot with heated garages, bathrooms, and three 10’ overhead doors.
Where is this brewery located?
The property is located at 36 3rd St NE Minot, ND.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Versatile 9,202 SF downtown commercial building on a 19,440 SF lot; Heated garages with bathrooms; Includes (3) 10’ overhead doors
