72 Main StGarrison, ND 58540

Property Details for 72 Main St

Year built

1927

Property size (Sq ft)

1,660 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

75 0001 00063 000

APU

75000100063000

Description

The Ye Olde Malt Shoppe, located at 72 Main Street in Garrison, North Dakota, presents a unique opportunity to acquire a well-established and profitable business. This iconic establishment, a beloved local gem, boasts a classic retro design and a welcoming atmosphere that has attracted both locals and tourists for years. The 1,660 square foot building sits on a 0.15-acre lot in a prime Main Street location. The business specializes in hand-dipped ice cream, malts, shakes, and classic diner fare, enjoying a loyal customer base. The interior features a cozy dining area and an efficient kitchen, optimized for high-volume service while maintaining a friendly ambiance. Outdoor seating is available, perfect for enjoying treats during warmer months. Additional parking is provided by an included rear lot. The building is well-maintained, featuring a new roof installed in 2023. This turnkey operation offers a blend of nostalgia, community connection, and strong income potential, making it an ideal investment for both experienced restaurateurs and first-time business owners. The asking price for this exceptional property is $175,000.

• CAP approach

  CAP return

  Valuation

  6%

  $381,649

  6.5%

  $352,292

  7%

  $327,128

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,098,458

  Geo Method

  $213,511

• Alternative Use

  Use

  Valuation

  Residential

  $297,171

  Hospitality

  $272,207

  Educational

  $226,473

  Medical

  $234,262

  Retail

  $352,292

Location Insight

City

Garrison

County

Mclean

State

North Dakota

Latitude

47.6521

Longitude

-101.417

Property Tax & Assessments

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