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$675,000
Est. payment /mo
6,726 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,726 sqft
Price per Sqft $100
MLS Listing ID 260852
Year Built 1916
Tax Year 2025
Property Sub-Type Commercial
Property Description
Rare opportunity to own a beautifully updated mixed-use commercial property in the heart of downtown Minot. Positioned in the middle of the city's vibrant downtown district, this property places tenants within walking distance of local restaurants, entertainment, street festivals, and community events, making it an attractive investment opportunity with both residential and commercial income potential. The upper level features eight apartment units. Four units have been completely renovated and are currently occupied, offering one-bedroom, one-bath layouts with efficient kitchens, comfortable living spaces, and views overlooking downtown Minot. The remaining four units are already well underway in the renovation process with updated electrical and plumbing completed, leaving primarily finishing work to maximize additional income potential. The main floor has been extensively renovated into a stunning commercial space currently leased by a medical spa under a four-year lease, providing established rental income for the future. The business itself is not for sale. Designed with functionality and professionalism in mind, the space includes a welcoming reception and waiting area, multiple treatment rooms or office spaces, storage areas, bathrooms, and a break room, creating a turnkey environment for a variety of business uses. Additional improvements throughout the property include updated electrical, updated plumbing extending to the city connection, repaired roofing, individual apartment meters, and new mini-split air conditioning systems installed in all eight apartment units. The commercial space features central air, while the entire property benefits from efficient hot water heat. A full unfinished basement and a coin-operated laundry area provide additional utility and storage options. Finding a downtown Minot investment property with this level of renovation, flexibility, and income potential is exceptionally rare.
Location
State ND
County Ward
Area Nw
Zoning C3
Interior
Interior Features Sprinkler
Heating Hot Water
Cooling Central, Other/See Remarks
Heat Source Hot Water
Building
Lot Size Range Less
Sewer City
Water City
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Listed by Century 21 Morrison Realty
Nearby School & Business
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DelRae Zimmerman
Broker Associate | License ID: 7065
Broker Associate License ID: 7065