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Property profile & analytics
OFF-MARKET
Auto shops

502 15th W St Dickinson, ND 58601-2913

3,612 SF 0.31 ac lot Built 1981
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US56-0632690
Property summary
AI-generated overview

This exceptional turnkey commercial property located at 502 15th Street West in Dickinson, North Dakota, presents a unique investment opportunity. The 3,612 square foot building sits on a 0.31-acre lot and is offered at $1,500,000. Included in the sale is the established business, most of its existing inventory, and the remaining 18 years of a paid Mida franchise. The buyer will be required to complete a qualifying class to assume the franchise. A valuable advertising account is also transferred with the sale. This well-regarded business boasts a strong reputation built over three decades, since 1992, and benefits from a loyal, repeat clientele. The property is offered as a complete package, providing immediate operational capability and established revenue streams. The sale includes the real estate, the building, the majority of the inventory, and the long-term franchise agreement. This is an excellent opportunity for an entrepreneur seeking a profitable, established business with significant growth potential in a thriving community. The established client base and positive reputation provide a solid foundation for continued success. The inclusion of the advertising account further enhances the value and marketability of this turnkey operation. Serious inquiries are encouraged.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1981
Total area 3,612 SF
Lot 0.31 ac (13,504 SF)
APN 41-1110-01000-702
UPID US56-0632690
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
  • Midas Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Scherr Rentals LLC · 5 yrs held
Scherr Rentals LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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