Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    300 31St Ave Minot, ND 58701

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    .54-acre lot, high-traffic area, C2 zoning

    Property Features for 300 31St Ave

    General Information

    Property type
    Land
    Lot Size
    23,522 SF

    We can help!

    Listing Contact
    Nathan Stremick
    Nathan Stremick

    Listing Agency: Signal Realtors Listing Agent: Nathan Stremick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional .54-acre (23,578 sq ft) commercial lot in southwest Minot, ND presents a rare development opportunity. Located at 300 31st Ave SW, this flat, shovel-ready parcel boasts a prime location in a high-traffic area, directly off South Broadway/Hwy 83 between KFC and Jacobson Piano. Its strategic position ensures high visibility and accessibility, placing it in close proximity to major retailers such as Dakota Square Mall, McDonald's, Home Depot, and Menards. Zoned C2, this versatile property is ideal for a wide range of commercial uses, including retail, food service, business offices, or medical facilities. All utilities are conveniently located on-site. The asking price is $250,000, representing a price per acre of $567,619. This is a truly exceptional opportunity to establish a thriving business in a vibrant and rapidly growing area. Additional land and warehouse space are also available (see MLS #211952 & #211953).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Minot
    County
    Ward
    State
    North Dakota
    Longitude
    -101.2977248
    Latitude
    48.2018855

    Nearby Similar for Sale

    • $725,000
      10,987 SF

      Minot Industrial Investment Opportunity

      Fully occupied industrial property in Minot with long-term tenants.
      2001 SE 8Th Ave, Minot, ND 58701
      View Details
    • Contact for pricing
      45,000 SF

      Minot Hotel with Upside Potential

      Hotel with upside potential, approved for Marriott and Best Western.
      1009 20Th Ave SE, Minot, ND 58701
      View Details
    • Contact for pricing
      62,944 SF

      91-Room LaQuinta Inn & Suites

      91-room hotel near major healthcare center, great highway location.
      1605 35Th Ave SW, Minot, ND 58701
      View Details
    • Contact for pricing
      49,023 SF

      Extended Stay Hotel with Kitchens

      80-room extended stay hotel featuring kitchens and various amenities.
      900 37Th Ave SW, Minot, ND 58701
      View Details
    • $460,000
      4,049 SF

      Minot Restaurant - Investment Opportunity

      Prime location, vacant, ready for your concept.
      2145 Broadway, Minot, ND 58703
      View Details
    • $460,000
      4,049 SF

      Restaurant Space Near Airport

      4,049 SF restaurant space with high traffic visibility.
      2145 N Broadway, Minot, ND 58703
      View Details
    • Contact for pricing
      42,832 SF

      Prime Minot Office Building

      Executive Suites, 42,832 SF, 9.31 Acres
      2700 8Th St, Minot, ND 58703
      View Details
    • Contact for pricing
      53,000 SF

      114-Room Hotel Near Highway 52

      Limited-service hotel with amenities and convenient highway access.
      2401 Elk Dr SW, Minot, ND 58701
      View Details
    • $1,650,000
      19,170 SF

      Midtown Plaza Office Building

      Prime Minot Office, High Occupancy
      212 Broadway, Minot, ND 58701
      View Details
    • Contact for pricing
      90,000 SF

      Highway-Adjacent Hotel Near Interstate

      68-room hotel with easy access to highways and local attractions.
      1900 22Nd Ave SW, Minot, ND 58701
      View Details
    • $2,000,000
      4,896 SF

      Retail Property with Starbucks

      Two-building retail property, fully leased, anchored by Starbucks.
      1800 22Nd Ave SW, Minot, ND 58701
      View Details
    • Contact for pricing
      12,382 SF

      Multi-Tenant Office Building For Sale

      12,382 SF office building with diverse rent roll.
      1809 S Broadway, Minot, ND 58701
      View Details

    FAQs

    What type of property is this?
    Land - .54-acre lot, high-traffic area, C2 zoning
    Where is this land located?
    The property is located at 300 31St Ave Minot, ND.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 23,578 square feet of building area.; Excellent southwest location.; Level lot.
    (701) 500-3890 Call to check price and availability
    Request Owner's contact information
    300 31St Ave Minot, ND 58701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    300 31St Ave
    Minot, ND 58701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    300 31St Ave Minot, ND 58701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nathan Stremick
    Nathan Stremick
    Real Estate License ID: 8697
    (701) 500-3890 (701) 852-0136
    Learn more
    Google sign-in failed. Please try again or use another login method.