301 Main St Noonan, ND 58765
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.