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Property profile & analytics
OFF-MARKET
Commercial land

322 Main St Lisbon, ND 58054-4140

Entity Owned Free & Clear
Property ID
US56-0101313
Property summary
AI-generated overview

This exceptional commercial property at 322 Main Street, Lisbon, North Dakota, presents a rare investment opportunity. The 19,950 square foot building, situated on a 0.36-acre lot with 125 feet of Main Street frontage, has served as the location of Fantasy Furniture for over 40 years. The current owners are retiring and offering the property for sale, including the main store building and a vacant lot on the same block. The main building, measuring approximately 100 feet by 140 feet, features a partial basement providing significant usable storage space. The foundation is described as incredibly strong. This property offers substantial potential for a variety of commercial uses, benefiting from its prominent location on Main Street and its established history. The sale includes both the main building and an additional vacant lot, providing flexibility for expansion or future development. Possession is expected in the first quarter of 2024. This is a turnkey opportunity to acquire a well-established commercial property in a desirable location. The asking price is $130,000. Don't miss this chance to own a piece of Lisbon's Main Street.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
APN 28-4807000
UPID US56-0101313
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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
FANTASY FURNITURE INC
FANTASY FURNITURE INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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