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    Renovated Retail Property For Sale Title is generated by Realmo AI

    446 18th St W, Dickinson, ND 58601

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    Fully leased retail property with long-term, stable income.

    Type:Retail
    Property size:
    36,824 SF
    Lot size:
    2.04 Acres
    Price / SF:
    $181/SF
    Added:
    Mar 23, 2026
    Days on Market:
    97
    Last Refresh:
    Mar 25 at 8:41 am

    Property Features for 446 18th St W

    General Information

    Standard status
    Active
    Size
    36,824 SF
    Lot size
    2.04 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1981

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    Isaiah Harf
    Isaiah Harf

    Listing office Northmarq - Chicago

    Listing date Mar 23, 2026

    Source Crexi

    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 Northmarq - Chicago

    HighLights

    • 100% leased to Harbor Freight Tools and T.J. Maxx.
    • Both tenants operating under 10‑year lease agreements with 8+ years remaining.
    • Fully renovated retail property.
    • Turn‑key investment with long‑term, stable income.
    • Approximately 36,824 square feet of retail space.
    • Located on a 2.04 acre parcel.

    Overview

    A fully renovated, dual-tenant retail property is available for sale. The property is located at 446 18th Street West, Dickinson, North Dakota. It features approximately 36,824 square feet of retail space situated on a 2.04 acre parcel. The property is 100% leased to Harbor Freight Tools and T.J. Maxx. Both tenants are operating under 10-year lease agreements, each with over 8 years remaining. The property has been fully repositioned with modern upgrades to suit national retailers, offering a turn-key investment with long-term, stable income.

    Local Financial Insights For Retail

    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 $552.4k $15.00
    − Vacancy −$55.2k −$1.50
    EGI $497.1k $13.50
    − OpEx −$149.1k −$4.05
    NOI $348.0k $9.45
    36,824 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $4.97M
    $4.35M – $5.80M (±1% cap)
    NOI $347,987 @ 7.0% cap · market cap 5.22%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $29.21M
    $25.55M – $34.07M (±1% cap)
    NOI $2,044,365 @ 7.0% cap · market cap 30.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Harbor Freight Tools Building Supply ND Pharmacy Pharmacy Coinstar Bank Earl Abrahamson Pharmacy Dawn Pruitt Pharmacy

    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.

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    Location Insight

    • Map
    • Local Demand
    City
    Dickinson
    County
    Stark
    State
    North Dakota
    Longitude
    -102.791825
    Latitude
    46.902622

    FAQs

    What type of property is this?
    Shopping center - Fully leased retail property with long-term, stable income.
    Where is this shopping center located?
    The property is located at 446 18th St W Dickinson, ND.
    What is the asking price?
    The asking price for this property is $6,666,267.
    What are key features of this property?
    This property features: 100% leased to Harbor Freight Tools and T.J. Maxx.; Both tenants operating under 10‑year lease agreements with 8+ years remaining.; Fully renovated retail property.
    (312) 777-2437 Call to check price and availability
    More about this property
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