Steel Flex Building with Production
7581 Hwy. 2 W, Devils Lake, ND 58301
COMMERCIAL - Devils Lake, ND
Property size:
9,600 SFLot size:
19.39 AcresPrice / SF:
$135/SF- Added:
- Mar 5, 2026
- Days on Market:
- 123
- Last Refresh:
- Jul 6 at 12:06 am
Property Features for 7581 Hwy. 2 W
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2
- Standard status
- Active
- Size
- 9,600 SF
- Lot size
- 19.39 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6010
Utilities
- Sewer type
- Septic Tank
- Heating system
- Radiant, Propane (Heating)
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Carpet, Vinyl
- Roof type
- Metal
Listing agent Allan M. Freidig (701) 662-7171
Listing office Real Estate 7 702 5th Ave. SE, Devils Lake, ND (701) 662-7171
Listing date Mar 5, 2026
MLS# 11667449
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Approximately 9,600 SF of fully finished space in a well‑built steel building with a thermal package
- Interior includes private office spaces, a conference room, and a large production area suited for multiple business uses
- Two rental units, approximately 1,000 SF each, with five beds per unit and bathroom facilities
- Each rental unit includes boat storage and a cooking area
- Approximately 19.39 acres with loft storage for extra space
- Utilities and building basics: public water, septic tank, metal roof, radiant propane heating; flooring includes carpet and vinyl
Overview
This for-sale commercial property features approximately 9,600 square feet of fully finished space in a well-built steel building with a thermal package. The interior includes several private office spaces, a conference room, and a large production area designed to support more than one way of operating. Additional storage is available with loft space, helping accommodate equipment and inventory. The building also includes two separate rental units, each approximately 1,000 square feet.
Each rental unit is equipped with five beds, bathroom facilities, a cooking area, and boat storage. The overall layout is intended to be flexible for mixed uses, including business operations paired with rental lodging arrangements. The property sits on approximately 19.39 acres in a peaceful country setting.
For tenants, buyers, or operators seeking a versatile property, the combination of office and production space can fit a range of light industrial, service, or operational needs, while the on-site rental units provide a built-in second use for workforce housing, hunting/fishing accommodations, or other short-term lodging formats. The acreage and self-contained layout support the practical goal of running operations and accommodations under one ownership structure.
Each rental unit is equipped with five beds, bathroom facilities, a cooking area, and boat storage. The overall layout is intended to be flexible for mixed uses, including business operations paired with rental lodging arrangements. The property sits on approximately 19.39 acres in a peaceful country setting.
For tenants, buyers, or operators seeking a versatile property, the combination of office and production space can fit a range of light industrial, service, or operational needs, while the on-site rental units provide a built-in second use for workforce housing, hunting/fishing accommodations, or other short-term lodging formats. The acreage and self-contained layout support the practical goal of running operations and accommodations under one ownership structure.
Local Financial Insights For Office B
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 | $149.8k | $15.60 |
| − Vacancy | −$27.9k | −$2.90 |
| EGI | $121.9k | $12.70 |
| − OpEx | −$30.5k | −$3.17 |
| NOI | $91.4k | $9.52 |
9,600 SF · lease $15.60/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.31M
$1.14M – $1.52M
NOI $91,428 @ 7.0% cap · market cap 7.03%
Second Best
Flex RnD
$825.7K
$722.5K – $963.3K
NOI $57,800 @ 7.0% cap · market cap 4.45%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $132,963 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Map
- City
- Devils Lake
- County
- Ramsey
- State
- North Dakota
- Longitude
- -98.990073
- Latitude
- 48.169829
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Fully finished steel building with offices, conference room, and large production area, plus two furnished rental units on acreage.
Where is this flex space located?
The property is located at 7581 Hwy. 2 W Devils Lake, ND.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately 9,600 SF of fully finished space in a well‑built steel building with a thermal package; Interior includes private office spaces, a conference room, and a large production area suited for multiple business uses; Two rental units, approximately 1,000 SF each, with five beds per unit and bathroom facilities
