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Property profile & analytics
FOR SALE
Spa & wellness properties

13 2Nd Ave SE Minot, ND 58701

6,726 SF Built 1916
Property ID
US56-0618533
Property summary
AI-generated overview

Rare opportunity to own a beautifully updated mixed-use commercial property in the heart of downtown Minot. Positioned in the middle of the city's vibrant downtown district, this property places tenants within walking distance of local restaurants, entertainment, street festivals, and community events, making it an attractive investment opportunity with both residential and commercial income potential. The upper level features eight apartment units. Four units have been completely renovated and are currently occupied, offering one-bedroom, one-bath layouts with efficient kitchens, comfortable living spaces, and views overlooking downtown Minot. The remaining four units are already well underway in the renovation process with updated electrical and plumbing completed, leaving primarily finishing work to maximize additional income potential. The main floor has been extensively renovated into a stunning commercial space currently leased by a medical spa under a four-year lease, providing established rental income for the future. The business itself is not for sale. Designed with functionality and professionalism in mind, the space includes a welcoming reception and waiting area, multiple treatment rooms or office spaces, storage areas, bathrooms, and a break room, creating a turnkey environment for a variety of business uses. Additional improvements throughout the property include updated electrical, updated plumbing extending to the city connection, repaired roofing, individual apartment meters, and new mini-split air conditioning systems installed in all eight apartment units. The commercial space features central air, while the entire property benefits from efficient hot water heat. A full unfinished basement and a coin-operated laundry area provide additional utility and storage options. Finding a downtown Minot investment property with this level of renovation, flexibility, and income potential is exceptionally rare.

Property profile
Verified
Property type Spa & wellness properties
Year built 1916
Total area 6,726 SF
UPID US56-0618533
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
Current use
Occupant on record · Public records
  • Kelly Dickinson, NP Physician
  • Look Aesthetic Atelier Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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