Minot, ND 58701,107 Main St. S
Minot, ND 58701,107 Main St. S
Minot, ND 58701,107 Main St. S
$450,000
Est. payment /mo
Est.Price: ?

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9 Beds
8 Baths
8,466 SqFt
SOLD DATE : 05/31/2024

Key Details

Sold Price $450,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 8,466 sqft

Price per Sqft $53

MLS Listing ID 240481

Style Other

Bedrooms 9

Year Built 1916

Tax Year 2023

Lot Size 3,484 Sqft

Property Sub-Type Other

Property Description

Calling all entrepreneurs and investors! Don't miss out on making your mark on history by owning part of Minot's downtown! 107 South Main was constructed in 1916 and is rich in history. It currently is home to Lien's Jewelry - a long term tenant (almost 30 years!) as well as EIGHT apartments! The retail storefront is an impressive 2733 square feet on the main floor with a bonus loft area as well as unfinished basement for additional storage. Lien's Jewelry has a lease in place and no intentions of vacating the building - this is terrific for stable cash flow! The apartment complex is on the second and third stories of the building and has controlled access. The second level apartments feature THREE one bedroom units and ONE two bedroom unit as well as coin operated laundry. Moving up to the third level, you'll find an additional FOUR one bedroom apartments. Each apartment features interior upgrades throughout the years, high ceilings with extra "loft spaces" and the sought after downtown vibe! Residential rent averaging $3655 per month and commercial rent at $2640 make this an appealing property for both a new or seasoned investor.

Location

State ND

County Ward

Area Se

Zoning C3

Multi-Unit Info

Total Units 8

Interior

Heating Electric, Hot Water

Building

Foundation Concrete

Sewer City

Water City

Schools

School District Minot #1

Read Less Info

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Listed by BROKERS 12, INC.

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agent

DelRae Zimmerman

+1(701) 833-1375

Broker Associate | License ID: 7065

Broker Associate License ID: 7065

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