606 Elk St Alexander, ND 58831
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.