502 15Th StDickinson, ND 58601

Property Details for 502 15Th St

Year built

1981

Lot size

0.31 AC

Property size (Sq ft)

3,612 SF

Property type

Auto shops

APN

41-1110-01000-702

APU

41111001000702

Description

This exceptional turnkey commercial property located at 502 15th Street West in Dickinson, North Dakota, presents a unique investment opportunity. The 3,612 square foot building sits on a 0.31-acre lot and is offered at $1,500,000. Included in the sale is the established business, most of its existing inventory, and the remaining 18 years of a paid Mida franchise. The buyer will be required to complete a qualifying class to assume the franchise. A valuable advertising account is also transferred with the sale. This well-regarded business boasts a strong reputation built over three decades, since 1992, and benefits from a loyal, repeat clientele. The property is offered as a complete package, providing immediate operational capability and established revenue streams. The sale includes the real estate, the building, the majority of the inventory, and the long-term franchise agreement. This is an excellent opportunity for an entrepreneur seeking a profitable, established business with significant growth potential in a thriving community. The established client base and positive reputation provide a solid foundation for continued success. The inclusion of the advertising account further enhances the value and marketability of this turnkey operation. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,268,605

  6.5%

  $1,171,020

  7%

  $1,087,375

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,390,138

  Geo Method

  $752,027

• Alternative Use

  Use

  Valuation

  Residential

  $987,799

  Hospitality

  $904,818

  Educational

  $752,798

  Medical

  $778,688

  Retail

  $1,171,020

Location Insight

City

Dickinson

County

Stark

State

North Dakota

Latitude

46.8992

Longitude

-102.793

CBSA code

19860

CBSA name

DICKINSON, ND MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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