815 2Nd Ave Washburn, ND 58577
This exceptional 0.43-acre commercial lot, located at 815 2nd Avenue in Washburn, North Dakota, presents a unique investment opportunity. The property boasts a 1,344 square foot historic building constructed in 1900, offering solid construction, concrete floors, and impressive 12-foot sidewalls. The building also includes existing electrical service. Situated on the edge of town, this property enjoys convenient proximity to a scenic river walking path, enhancing its appeal and potential for various commercial ventures. The lot's size and existing structure provide ample space for redevelopment or adaptive reuse, catering to a wide range of business needs. The address is 815 2nd Avenue, Washburn, ND 58577. This property is priced at $100,000 and offers a rare chance to acquire a piece of Washburn's history with significant upside potential. The property's location and features make it an ideal canvas for a creative entrepreneur or investor seeking a unique commercial space. The existing building's solid foundation and substantial size provide a strong base for future development. Explore the possibilities and envision the future of your business in this prime Washburn location.
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.