1515 Railway Ave Minot, ND 58703
This exceptional 7,200-square-foot flex space industrial building, situated on a generous 4.79-acre lot just outside Minot city limits (58703), presents a unique owner-user opportunity. Built in 2006, the single-building property boasts a sturdy construction featuring a 60' x 120' steel structure with a steel roof and 8-inch deep poured concrete floors. The building's insulation consists of 6-inch batting, and it's heated by a well-maintained hot water boiler system (inspected and serviced every five years). A 12' x 12' brick addition houses the furnace room, providing separation from the main workspace. The property includes three overhead doors (two 16' and one 12'), a Gantry Crane, and two bathrooms, one of which is ADA accessible. Additional features enhance functionality and safety, including dedicated office space, a breakroom, and an emergency shower and eye wash station. The sale includes valuable equipment: a 30 HP 3-phase compressor and the existing security system. Utilities are in place, supplemented by a private well and septic system. The property is zoned M1 and offers significant potential for a variety of industrial and flex uses. Asking price is $950,000, resulting in a price per square foot of $131.94.
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Eagle Vault & Concrete Construction Company General Contractor
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
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Property description
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No recorded transactions found for this property.
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