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    212 Broadway Minot, ND 58701

    Sponsored
    For Sale
    $1,650,000

    Prime Minot Office, High Occupancy

    Property size:
    19,170 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Midtown Plaza, a well-located Minot, North Dakota office building, presents a compelling investment opportunity. This two-story, Class B traditional office building totals 19,170 square feet on a 0.67-acre lot, situated at the corner of S Broadway and 2nd Avenue SW. The property boasts a 79% occupancy rate, generating a strong cash flow. Built in 1946 and 1959, the building is zoned C3 and features a large parking lot, a significant advantage in this area. The asking price is $1,650,000, translating to $86.07 per square foot. The property's prime location is just one block north of Trinity Hospital & Health Center, benefiting from high visibility and traffic volume (19,275 vehicles per day) along S Broadway. The property's multiple tax parcel numbers are MI23.021.110.0070, MI23.021.110.0100, MI23.021.110.0110, MI23.021.110.0130, MI23.021.110.0140, MI23.021.110.0150, and MI23.021.110.0160. This multi-tenant building offers a solid return on investment for the discerning buyer. The address is 212 S Broadway, Minot, ND 58701.

    Property Features for 212 Broadway

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    19,170 SF
    Class
    B
    Lot Size
    29,185 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • Midtown Plaza, a two‑story, 19,170 SF Class B office building in Minot, ND, offers a strong cash flow with 79% occupancy.
    • Located at 212 S Broadway, the property sits on a 0.67‑acre lot at a high‑traffic corner (19,275 VPD).
    • One block north of Trinity Hospital & Health Center, providing excellent visibility.
    • Asking price: $1,650,000 ($86.07/SF).
    • Features ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Minot Board Of Realtors Association / Organization Sid & Elizondo Law ... Medical Lawyer Mid-Town Chiropractic Chiropractor Bradley D. Kraft, ... Chiropractor SR22 Drivers Insurance ... Commercial Agent

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -101.29597460834
    Latitude
    48.234335813668

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Minot Office, High Occupancy
    Where is this office property / space located?
    The property is located at 212 Broadway Minot, ND.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Midtown Plaza, a two-story, 19,170 SF Class B office building in Minot, ND, offers a strong cash flow with 79% occupancy.; Located at 212 S Broadway, the property sits on a 0.67-acre lot at a high-traffic corner (19,275 VPD).; One block north of Trinity Hospital & Health Center, providing excellent visibility.
    Request Owner's contact information
    212 Broadway Minot, ND 58701
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    Minot, ND 58701
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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
    212 Broadway Minot, ND 58701
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