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    1619 Us-83 Garrison, ND 58540

    For Sale
    $5,000,000

    Thriving business, prime location.

    Property size:
    31,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional opportunity presents a chance to acquire Hwy 83 Lawn & Leisure, a well-established business and its accompanying real estate. Located on 4.26 acres at 1619 US-83 in Garrison, North Dakota (zip code 58540), this mixed-use property boasts high visibility due to its prime location along Highway 83. The property includes two buildings totaling 31,200 square feet. The main building, at 21,600 square feet, features three oversized overhead doors (measuring 16x16, 16x16, and 14x28 feet), public restrooms, and ample paved parking. Climate control is ensured through electric and propane heating, central air conditioning, and a backup generator. Environmentally conscious features include solar panels and an off-site wind turbine, generating surplus electricity and reducing utility costs. A secondary building, spanning 9,600 square feet on 3.29 acres, provides additional heated storage space, currently used for inventory. The property is zoned C1 and was built in 2020. The business itself caters to a diverse customer base, offering a comprehensive range of products from farming and fishing supplies to home improvement items, snacks, and beverages, including small engine repair services. This turnkey operation presents a strong return on investment in an underserved market, combining a robust business model with a strategically located property. The sale includes both the business and the real estate. APN: 36 0007 04449 060. Asking price: $5,000,000.

    Property Features for 1619 Us-83

    General Information

    Property type
    Specialty properties
    Square Feet
    31,200 SF
    Class
    C
    Lot Size
    185,566 SF

    Building Details

    Year Built
    2020
    Buildings
    2

    HighLights

    • High‑visibility location on a 4.26‑acre site.
    • Serves a diverse customer base.
    • Low operating expenses.
    • Strong investment potential in an underserved market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Garrison
    County
    McLean
    State
    North Dakota
    Longitude
    -101.2927992
    Latitude
    47.6503668

    Nearby Comparable

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    Nearby Similar for Sale

    • $5,000,000
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      Established business and real estate opportunity serving diverse customer needs.
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    • $175,000
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      Garrison Malt Shoppe Business Opportunity

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    FAQs

    What type of property is this?
    Specialty property - Thriving business, prime location.
    Where is this specialty property located?
    The property is located at 1619 Us-83 Garrison, ND.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: High-visibility location on a 4.26-acre site.; Serves a diverse customer base.; Low operating expenses.
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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
    1619 Us-83 Garrison, ND 58540
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