Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    104 W Main St Mandan, ND 58554

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    104 W Main St Mandan, ND 58554

    View on Map
    • Medical Office Space
    • 7,325 SF
    • 0.08 lot acres
    For Sale
    $265,000
    View Listing →
    Mandan Commercial Building with Apartments For Sale
    $265,000
    0.08 Acres

    Mandan Commercial Building with Apartments

    Commercial building with medical practice space and two apartments.

    104 W Main St, Mandan, ND 58554
    View Listing
    Property ID
    US56-0282015
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 104 W Main St

    Year built
    1915
    Lot size
    0.08 lot acres
    Property size
    7,325 SF
    Property type
    Medical Office Space
    APN
    65-2309000

    Description

    This exceptional 7,325 square foot medical office building, located at 104 E Main St in Mandan, North Dakota, presents a unique investment opportunity. Built in 1915 and situated on a 0.075-acre lot (APN 65-2309000), this multi-tenant property boasts a desirable Downtown Core (DC) zoning designation. The asking price is $265,000, translating to $36.18 per square foot. The building features a full basement, central air conditioning, and forced-air heating. Construction materials include brick exterior walls and a flat rubber roof. Interior flooring consists of carpet and vinyl. Utilities are readily available, including electricity, natural gas, and public water and sewer connections. This well-maintained property offers a strong foundation for continued success in a thriving medical market. Its central location in Mandan's downtown core provides excellent visibility and accessibility. The building's solid construction and functional layout make it an ideal investment for both seasoned and new investors seeking a stable and potentially high-return asset in the North Dakota medical office sector. This is a rare opportunity to acquire a well-established medical office building in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mandan
    County
    Morton
    State
    North Dakota
    Longitude
    -100.8901633
    Latitude
    46.826706

    Comparable in this City

    • $265,000

      Mandan Commercial Building with Apartments

      Commercial building with medical practice space and two apartments.
      104 W Main St, Mandan, ND 58554
      View Details
    • $475,000
      12,575 SF

      Mixed-Use Property on Main Street

      Mixed-use property featuring office, retail, and apartment spaces.
      318-320 W Main St, Mandan, ND 58554
      View Details
    • Contact for pricing
      4,412 SF

      Turn-Key Salon Investment Opportunity

      Fully occupied salon with real estate for sale in Mandan.
      40th 40Th Ave SE, Mandan, ND 58554
      View Details
    • Contact for pricing
      9,600 SF

      Versatile Leased Investment Property

      9,600 SF property with 5 fully leased units.
      803 Adobe Trl SE, Mandan, ND 58554
      View Details
    • $225,000
      1,500 SF

      North Mandan Shop Condo - $225K

      1,500 sq ft Mixed-Use Condo, Ready April 2024
      4301 30Th Ave, Mandan, ND 58554
      View Details
    • $380,000

      Upscale Business & Storage Condos

      Luxury commercial condos in Mandan, designed for business and storage.
      3901 21St St Se, Mandan, ND 58554
      View Details

    Similar Nearby for Sale

    • $265,000

      Mandan Commercial Building with Apartments

      Commercial building with medical practice space and two apartments.
      104 W Main St, Mandan, ND 58554
      View Details
    • $475,000
      12,575 SF

      Mixed-Use Property on Main Street

      Mixed-use property featuring office, retail, and apartment spaces.
      318-320 W Main St, Mandan, ND 58554
      View Details
    • $225,000
      1,500 SF

      North Mandan Shop Condo - $225K

      1,500 sq ft Mixed-Use Condo, Ready April 2024
      4301 30Th Ave, Mandan, ND 58554
      View Details
    • $659,000

      Finished Office Shop Condo

      2,940 SF shop condo with finished office space.
      2041 40Th Ave Southeast, Mandan, ND 58554
      View Details
    • $2,300,000

      Spacious Industrial Property with Office

      17,000+ sq ft industrial property with office/retail space.
      2909 Twin City Dr, Mandan, ND 58554
      View Details
    • $380,000

      Upscale Business & Storage Condos

      Luxury commercial condos in Mandan, designed for business and storage.
      3901 21St St Se, Mandan, ND 58554
      View Details

    Similar Nearby for Lease

    • $7,500 /Mo
      6,000 SF

      Mandan Clinic/Office Space for Lease

      6,000 SF clinic/office space available for lease in Mandan.
      113 3Rd Ave NW, Mandan, ND 58554
      View Details
    • $400 /Mo

      Historic Office Space in Mandan

      Main floor office space in historic Lewis & Clark Hotel.
      406 W Main St, Mandan, ND 58554
      View Details
    • $8 SF/Yr

      Versatile Industrial Property with Office

      Spacious industrial property featuring office space and expansive shop area.
      2909 Twin City Dr, Mandan, ND 58554
      View Details
    • $1,789 /Mo
      1,210 SF

      Retail Showroom on Collins Avenue

      Retail showroom available in downtown Mandan starting July 1, 2025.
      100 Collins Ave, Mandan, ND 58554
      View Details
    • $10 SF/Yr

      Mandan Retail/Office Space Available

      High-visibility retail/office space with storage in Mandan.
      216 E Main St, Mandan, ND 58554
      View Details
    • $1,125 /Mo

      Versatile Flex Space with Office

      1,500 SF flex space with office and roll-up door.
      806 Adobe Trl Southeast, Mandan, ND 58554
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    104 W Main St
    Mandan, ND 58554
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    104 W Main St, Mandan, ND, 58554

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!