120 Main St Elgin, ND 58533

Property Details for 120 Main St

Year built

1920

Lot size

0.08 lot acres

Property size

3,059 SF

Property type

Commercial real estate

Description

This 3,059 square foot commercial building in Elgin, ND, is a fantastic opportunity for a savvy investor or entrepreneur. Located at 120 N Main Street, this property boasts a versatile layout ideal for various businesses. The current configuration includes a front bar area with seating and gaming options, a rear space equipped for pool tables, dart boards, and a stage, perfect for entertainment. Additional space encompasses an office area with laundry hook-ups and a shower, restrooms, an inventory area, and a basement offering ample storage. Recent upgrades significantly enhance the building's value and functionality. These include a new exterior electrical system (2020), a rebuilt cooler (2017), a new roof (2018), updated flooring (2021), and added insulation (2023). The property sits on a 0.08-acre lot, with the possibility of expansion onto an adjoining vacant lot available for purchase from the city of Elgin. This presents a unique opportunity to increase the property's footprint and cater to growing business needs. The seller is open to a contract for deed, offering flexible financing options. Alternatively, the building is available for lease at $2,000 per month plus utilities. Elgin's strategic location in a popular pheasant hunting area, near Lake Tschida, and on a well-traveled route for motorcyclists and car clubs ensures high visibility and potential for a thriving business. The city's vibrant community and regular events further contribute to a strong local market. This is a turnkey operation with significant upside potential.

Location Insight

City

Elgin

County

Grant

State

North Dakota

Longitude

-101.846

Latitude

46.403