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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

301 Main St Noonan, ND 58765

9,847 SF 0.8 ac lot Built 1960
Property ID
Property summary
AI-generated overview

This exceptional commercial property in Noonan, North Dakota presents a unique investment opportunity. The property, encompassing 9,847 square feet on a 0.803-acre lot, comprises a former hotel and restaurant. Built in 1960, the hotel section features 18 units and 20 bathrooms, offering significant potential for renovation and repurposing. The restaurant area, built in 1970, boasts a spacious dining area and a sizable kitchen, ideal for a variety of culinary concepts. The property benefits from a recently installed roof and enjoys a highly visible location on Main Street in Noonan's downtown business district, providing excellent street frontage. Its proximity to local parks and churches adds to its appeal. The property is zoned commercial, allowing for flexible use and potential for multifamily conversion. With its substantial size and prime location, this property offers a high potential return on investment for a savvy buyer looking to capitalize on the vibrant Noonan market. The asking price is $29,000, translating to $5.59 per square foot. This represents a compelling opportunity to acquire a substantial property in a desirable location at an attractive price point. The property's existing infrastructure provides a solid foundation for a variety of development scenarios, making it an ideal choice for investors seeking a high-potential project.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1960
Total area 9,847 SF
Lot 0.8 ac (34,979 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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