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 Market249
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) 223-2450
Listed By:
Michael Ilse · License #8214
(701) 400-7808
Source:
Moodyscre
Added: Feb 25
Changed: Oct 25
Last Checked: Oct 30 at 3:24PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$46,324
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,480
$926.5K
Cap Rate 7%
$661,771
$661.8K
Cap Rate 9%
$514,711
$514.7K
Market Conditions
NOI Build-Up for 9,202 SF
Gross rent
$71.8K $7.80/SF
− Vacancy
−$5.6K −$0.61/SF
EGI
$66.2K $7.19/SF
− OpEx
−$19.9K −$2.16/SF
NOI
$46.3K $5.03/SF
Area
Ward County, ND
Vacancy
7.80%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,480
Cap Rate 7%
$661,771
Cap Rate 9%
$514,711
Alternative Uses
Best Use
Industrial
$661.8K
$579.1K – $772.1K
NOI $46,324 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,662
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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
