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    FOR LEASE
    Flex space

    3613 Memorial Hwy, Mandan, ND 58554

    2.88 ac lot
    Property ID
    US56-0442987
    Property summary
    AI-generated overview

    This exceptional investment opportunity encompasses a substantial 2.88-acre parcel situated on Memorial Highway in Mandan, North Dakota. The property boasts approximately 275 feet of prime highway frontage, representing the largest contiguous land holding currently available on this key thoroughfare. The assemblage includes five buildings totaling roughly 21,000 square feet of flex space, currently housing four tenants and generating rental income. The buildings feature desirable amenities such as overhead doors, hot and cold water, bathrooms, and floor drains. The property is zoned for Commercial/Agricultural use, offering considerable versatility. The two parcels, identified by APNs 65-4475502 and 65-4475504, are being sold together. 2023 property taxes for 65-4475502 totaled $12,097.91, and for 65-4475504, $9,074.14. The buyer is responsible for determining the extent of any floodplain impact. This is a rare opportunity to acquire a significant commercial property with substantial highway visibility and existing rental income in a growing North Dakota market. The property's size and location make it ideal for a variety of uses, from expansion of existing businesses to development of new ventures. Serious inquiries only.

    Property profile
    Verified
    Property type Flex space
    Lot 2.88 ac (125,453 SF)
    APN 65-4475504 & 65-4475502
    UPID US56-0442987
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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