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    2220 16Th St Minot, ND 58703

    For Sale
    Contact for pricing

    Prime commercial lots, build-ready, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional offering presents two build-ready commercial lots ideally situated in Minot, North Dakota's thriving Lakeside 21st Addition. Both lots boast convenient access to key amenities, including the Marketplace Foods grocery store, Sanford Health, and CHI St. Alexius Medical Plaza, ensuring high visibility and accessibility for future businesses. The lots are zoned C2-General Commercial, providing flexibility for a wide range of commercial developments. Lot 4, encompassing 0.65 acres, is priced at $345,000, translating to approximately $12.18 per square foot. Lot 5, slightly larger at 1.04 acres, is offered at $545,000, or roughly $12.03 per square foot. This rapidly developing area presents a unique opportunity for investors and developers seeking a strategic location within a growing commercial corridor. The properties are located at 2220 16th St NW, Minot, ND 58703, in Ward County. These lots are ready for immediate development, making them an attractive investment for those seeking a quick return on investment in a high-demand area. Don't miss this chance to secure a prime piece of Minot's commercial real estate market.

    Property Features for 2220 16Th St

    General Information

    Property type
    Land
    Lot Size
    28,314 SF

    HighLights

    • Build‑ready commercial lots in Minot, ND.
    • Excellent location near Marketplace Foods, Sanford Health, and CHI St. Alexius Medical Plaza.
    • Located in a high‑growth area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Minot
    County
    Ward
    State
    North Dakota
    Longitude
    -101.31885919723
    Latitude
    48.259845404516

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    FAQs

    What type of property is this?
    Land - Prime commercial lots, build-ready, excellent location.
    Where is this land located?
    The property is located at 2220 16Th St Minot, ND.
    What are key features of this property?
    This property features: Build-ready commercial lots in Minot, ND.; Excellent location near Marketplace Foods, Sanford Health, and CHI St. Alexius Medical Plaza.; Located in a high-growth area.
    Request Owner's contact information
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    Minot, ND 58703
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    Realmo Value Estimation

    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.

    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.

    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
    2220 16Th St Minot, ND 58703
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