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Property profile & analytics
OFF-MARKET
Commercial real estate

606 Elk St Alexander, ND 58831

Individually Owned Free & Clear
Property ID
US56-0523956
Property summary
AI-generated overview

This exceptional commercial property, located at 606 & 608 Elk Street in Alexander, North Dakota, presents a unique investment opportunity. The 7,215 square foot building sits on a 0.42-acre lot and offers a versatile layout ideal for a variety of uses. Previously operating as the Hard Ride Bar, the property boasts approximately 2,530 square feet of space suitable for a bar and grill, complemented by a fully equipped 706 square foot kitchen featuring appliances and a walk-in cooler. An additional 1,260 square feet provides ample space for restaurant seating, separate from the bar area. Adding to its appeal is a charming 1,000 square foot, two-bedroom, one-bathroom apartment located above the commercial space. The property's strategic location on Main Street offers excellent visibility and accessibility. Its proximity to Watford City (18 miles west), Williston (approximately 22 miles south), and Sidney, Montana (approximately 45 miles east) provides convenient access to a wider regional market. The property is being sold "as is, where is," and presents a blank canvas for an entrepreneur seeking to revitalize a key location in Alexander. The possibilities are vast, from a restaurant/lounge to office space, making this a truly remarkable opportunity. The asking price is $489,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 79-10-07400
UPID US56-0523956
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
FALESTENI ALI ABUHAMBA
FALESTENI ALI ABUHAMBA
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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