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    1717 Arikara Hazen, ND 58545

    Sponsored
    For Sale
    $2,262,857

    18,000 SF Office, Fully Leased

    Property size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 18,000 square foot executive office building presents a compelling investment opportunity in Hazen, North Dakota. Constructed in 2003, the property sits on a generous 4-acre lot, offering significant potential for future expansion and development. Currently fully leased, this commercial property provides a stable income stream and benefits from its location in a city with high demand for industrial and office space. The building's meticulous maintenance and thoughtful design are evident throughout. The asking price is $2,262,857, translating to a price per square foot of $12.98. The property's address is 1717 Arikara, Hazen, ND 58545, situated in Mercer County. This turnkey operation offers immediate return on investment and long-term growth prospects. The property's classification includes office, industrial, and land uses, making it a versatile asset. Its strategic location within a thriving market ensures continued high occupancy rates and strong rental income. The substantial lot size allows for future development opportunities, adding further value to this already impressive property. This is a rare opportunity to acquire a high-quality, fully leased commercial property in a desirable location.

    Property Features for 1717 Arikara

    General Information

    Property type
    Land
    Square Feet
    18,000 SF
    Lot Size
    174,240 SF

    Building Details

    Year Built
    2003

    HighLights

    • $2,262,857 asking price.
    • 18,000 square foot office/industrial building on a 4‑acre lot.
    • $12.98 price per square foot.
    • Built in 2003.
    • Fully leased industrial property in Hazen, ND.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hazen
    County
    Mercer
    State
    North Dakota
    Longitude
    -101.4772356
    Latitude
    47.5280301

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    FAQs

    What type of property is this?
    Land - 18,000 SF Office, Fully Leased
    Where is this land located?
    The property is located at 1717 Arikara Hazen, ND.
    What is the asking price?
    The asking price for this property is $2,262,857.
    What are key features of this property?
    This property features: $2,262,857 asking price.; 18,000 square foot office/industrial building on a 4-acre lot.; $12.98 price per square foot.
    Request Owner's contact information
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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
    1717 Arikara Hazen, ND 58545
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