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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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DelRae Zimmerman
Broker Associate | License ID: 7065
Broker Associate License ID: 7065