Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Minot Commercial Property For Sale Title is generated by Realmo AI

    36 NE 3rd St, Minot, ND 58703

    View on Map
    Claim this Listing
    For Sale
    $590,000

    COMMERCIAL - Minot, ND

    Property size:
    7,200 SF
    Price / SF:
    $81/SF
    Added:
    Apr 1, 2026
    Days on Market:
    60
    Last Refresh:
    May 30 at 10:06 am

    Property Features for 36 NE 3rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    M2
    Standard status
    Active
    APN
    MI24.313.020.0182
    Size
    7,200 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10800

    Building Details

    Year built
    1947

    We can help!

    Listing Contact
    Joshua Skjoldal

    Listing agent Joshua Skjoldal

    Listing office Better Homes and Gardens Real Estate Watne Group 408 N Broadway, Minot, ND

    Listing date Apr 1, 2026

    MLS# 251567

    Copyright © 2026 Minot Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic downtown location in Minot.
    • 7,200 sq ft of above‑ground space plus basement.
    • M2 zoning allows for a variety of commercial uses.
    • Shop area with three 12'x14' overhead doors and one 10'x10' door.
    • Mix of office, retail, and shop space.
    • Great visibility and easy access to major roads.

    Overview

    Located in a high-traffic area of downtown Minot, this commercial property offers 7,200 sq ft above ground and a basement area suitable for storage or expansion. The property is zoned M2, making it suitable for a variety of uses. The building features a mix of office and retail space, along with a shop area that includes three 12'x14' overhead doors and one 10'x10' door. The property offers visibility and easy access to major roads, making it suitable for a business looking to grow or invest in a flexible, well-located space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Poem Design Co Theater & Performing Art Venue

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minot
    County
    Ward
    State
    North Dakota
    Longitude
    -101.2880157
    Latitude
    48.2376752

    Nearby Similar for Sale

    • $725,000
      10,987 SF

      Minot Commercial Investment Opportunity

      Fully occupied commercial property in Minot with long-term tenants.
      2001 SE 8th Ave, Minot, ND 58701
      View Details
    • $820,000
      7,200 SF

      Spacious Commercial Property Near Minot

      7200 sq ft commercial building on 4.79 acres.
      1515 NE Railway Ave, Minot, ND 58703
      View Details
    • $390,000
      13,600 SF

      Downtown Minot Commercial Opportunity

      13,600 SF commercial property in the heart of Minot.
      110 1st Street, Minot, ND 58701
      View Details
    • $1,503,163
      9,100 SF

      Dollar General Investment Opportunity, Minot

      New Dollar General store with a 15-year absolute NNN lease.
      4th Avenue NW, Minot, ND 58703
      View Details
    • $2,000,000
      4,896 SF

      Retail Property with Starbucks

      Two-building retail property, fully leased, anchored by Starbucks.
      1800 22nd Ave SW, Minot, ND
      View Details
    • $3,500,000
      371,566 SF

      Versatile Warehouses and Storage Buildings

      Turnkey commercial property with warehouses, office, and storage on 8.5+ acres.
      515 46th Ave NW, Minot, ND 58703
      View Details
    • $1,577,000
      1,661 SF

      Take 5 Oil Change Investment

      NNN leased Take 5 Oil Change in Minot, North Dakota.
      1738 S Broadway, Minot, ND 58701
      View Details
    • $3,860,000
      8,114 SF

      Drive-Thru Investment Property For Sale

      Two-tenant investment property with drive-thru and freeway visibility.
      1807 22nd Ave SW, Minot, ND
      View Details
    • $725,000
      10,987 SF

      Minot Mixed-Use Investment Opportunity

      Fully occupied mixed-use property with long-term tenants in Minot.
      2001 8th Ave SE, Minot, ND 58701
      View Details
    • Contact for pricing
      10,320 SF

      Retail Space For Sale

      Retail space with regional and local tenants, ample parking.
      1500 21st Ave NW, Minot, ND 58703
      View Details
    • $4,200,000
      42,832 SF

      Minot Office Building For Sale

      Office building in Minot's growing office and residential area.
      2700 8 St NW, Minot, ND
      View Details
    • Contact for pricing
      49,023 SF

      Extended Stay Hotel with Kitchens

      80-room extended stay hotel featuring kitchens and various amenities.
      900 37th Avenue SW, Minot, ND 58701
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use commercial property in high-traffic Minot location with flexible space.
    Where is this mixed-use property located?
    The property is located at 36 NE 3rd St Minot, ND.
    What is the asking price?
    The asking price for this property is $590,000.
    What are key features of this property?
    This property features: High‑traffic downtown location in Minot.; 7,200 sq ft of above‑ground space plus basement.; M2 zoning allows for a variety of commercial uses.
    (701) 852-1156
    We can help!
    Listing Contact
    Joshua Skjoldal
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    36 NE 3rd St, Minot, ND 58703
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!