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    Minot Commercial Property For Sale

    36 NE 3rd St Minot, ND 58703

    36 NE 3rd St, Minot, ND, 58703
    $590,000
    For Sale
    Claim this Listing
    $590,000

    COMMERCIAL - Minot, ND

    Property Size7,200 SF
    Price / SF$81.94
    AddedApr 1
    Days on Market105
    Last RefreshJul 14 at 7:06 pm

    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

    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.

    Investment Insights

    Based on property information with market context.

    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.

    Key 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.

    Local Financial Insights For Mixed Use

    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 $71.7k $9.96
    − Vacancy −$5.6k −$0.78
    EGI $66.1k $9.18
    − OpEx −$24.8k −$3.44
    NOI $41.3k $5.74
    7,200 SF · lease $9.96/SF/yr · vacancy 7.80% · expense 37.50%

    Alternative Uses

    Best Use
    Retail
    $845.9K
    $740.1K – $986.8K (±1% cap)
    NOI $59,210 @ 7.0% cap · market cap 10.04%
    Second Best
    Office B
    $829.5K
    $725.8K – $967.8K (±1% cap)
    NOI $58,066 @ 7.0% cap · market cap 9.84%
    Theoretical Best
    Office A
    $966.7K
    $845.9K – $1.13M (±1% cap)
    NOI $67,668 @ 7.0% cap · market cap 11.47%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Poem Design Co Theater & Performing Art Venue

    Suggested Use

    Building Supply Big Box & Wholesale Store Food Market HVAC Service Storage Facility Restaurant Garden Center Accounting Firm Grocery & Convenience Store Parking Lot & Garage

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

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    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.
    Contact an agent
    (701) 852-1156
    We can help!
    Contact an agent
    Joshua Skjoldal
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