NOT LISTED FOR SALE

107 Main St S Minot, ND 58701

Estimated Value: $349,000 - $467,411

9 Beds
8 Baths
3,001 Sq Ft
$140/Sq Ft Est. Value

Last Sold May 31, 2024

Current estimated payment $2,786/month

6 Days on Market

About This Home

As of May 2024

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.

Last Agent to Sell the Property

DelRae Zimmerman

BROKERS 12, INC. License #7065 Listed on: 03/28/2024

Co-Listed By

Kelsey Bercier

BROKERS 12, INC.

Last Buyer's Agent

Kausha Bakk

BROKERS 12, INC. License #7683

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,518

Year Built

  • Built in 1916

Lot Details

  • 3,485

Home Design

  • 3,001 Sq Ft Home
  • Concrete Foundation

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Additional Features

  • Oven or Range
  • Washer and Dryer
  • 3,485 Sq Ft Lot
  • Hot Water Heating System
  • Unfinished Basement

Community Details

  • 8,466 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number MI24.238.070.0210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,518

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Building Style: Other
  • Age: 50+
  • Flooded: No
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Of Bedrooms: 9
  • Bathrooms: 8
  • Appliances: Refrigerator, Range/Oven, Washer and Dryer
  • Has Basement: Unfinished
  • Fireplace: No
  • Foreclosure: No
  • Price Per S Q F T: 53.15
  • Sq Ft Above Ground: 3001+
  • Basement Type: Other

Exterior Features

  • Foundation: Concrete

Garage/Parking

  • Garage 1: None
  • Garage 2: None
  • Heat Exp: 1776

Utilities

  • Heating: Electric, Hot Water
  • Sewer: City
  • Hot Water: City
  • Electric Expense: 2979
  • Water Trash Expense: 6034

Condo/Co-op/Association

  • Units in Building: 8

Schools

  • School District: Minot #1

Lot Info

  • Acres: Less
  • Lot Size: 3,500 Sq. Ft.
  • Number of Acres: 0.08
  • Zoning: C3

Rental Info

  • Annual Rent Income: 71,606
  • Management Exp: 3582

Tax Info

  • Assessor Parcel Number: MI24.238.070.0210
  • Taxes: 5,517.54
  • Tax Year: 2023
  • Taxes Exp: 5517

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
May 31, 2024
Sold by
107 Main Street South Llc
Bought by
Wiedrich Garland D and Wiedrich Janelle N
Seller's Agent
DelRae Zimmerman
BROKERS 12, INC.
Buyer's Agent
Kausha Bakk
BROKERS 12, INC.
List Price
$439,900
Views
98
Current Estimated Value
$447,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.79%
Original Mortgage
$315,100
Outstanding Balance
$309,113
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$111,990

Purchase Details

Listed on
Nov 4, 2019
Closed on
Aug 13, 2020
Sold by
Wenco Lllp
Bought by
107 Main Street South Llc
Seller's Agent
Daniel Erickson
IMM REALTORS
Buyer's Agent
DelRae Zimmerman
BROKERS 12, INC.
List Price
$410,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.24%
Original Mortgage
$280,850
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 31, 2018
Sold by
D & T Llc
Bought by
Wnco Lllp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wiedrich Garland D $450,000 None Listed On Document
107 Main Street South Llc $345,000 None Available
Wnco Lllp -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wiedrich Garland D $315,100
Previous Owner 107 Main Street South Llc $280,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2024 05/31/24 Sold -- -- --
04/03/2024 04/03/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $439,900 +7.3% $147 / Sq Ft
08/13/2020 08/13/20 Sold -- -- -- View Prior Sale
06/18/2020 06/18/20 Pending -- -- --
11/04/2019 11/04/19 For Sale $410,000 -- $137 / Sq Ft
Source: Minot Multiple Listing Service

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,502 $161,000 $12,500 $148,500
2023 $5,518 $151,000 $10,500 $140,500
2022 $4,881 $140,000 $10,500 $129,500
2021 $4,795 $143,000 $10,500 $132,500
2020 $4,104 $123,500 $10,500 $113,000
2019 $4,270 $116,500 $10,500 $106,000
2018 $3,927 $110,500 $12,500 $98,000
2017 $4,100 $133,000 $12,500 $120,500
2016 $4,020 $161,500 $12,500 $149,000
2015 $3,020 $161,500 $0 $0
2014 $3,020 $165,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • DelRae Zimmerman

    Seller's Agent in 2024

    DelRae Zimmerman

    BROKERS 12, INC.

    (701) 833-1375

    331 in this area

    422 Total Sales

    DelRae Zimmerman
    Section Image
  • Kelsey Bercier

    Seller Co-Listing Agent in 2024

    Kelsey Bercier

    BROKERS 12, INC.

    (701) 721-5544

    252 in this area

    324 Total Sales

    Kelsey Bercier
    Section Image
  • Kausha Bakk

    Buyer's Agent in 2024

    Kausha Bakk

    BROKERS 12, INC.

    (701) 721-7157

    120 in this area

    136 Total Sales

    Kausha Bakk
    Section Image
  • Daniel Erickson

    Seller's Agent in 2020

    Daniel Erickson

    IMM REALTORS

    (701) 720-3118

    15 in this area

    15 Total Sales

    Daniel Erickson
    Section Image
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Map

Source: Minot Multiple Listing Service

MLS Number: 240481

Minot Multiple Listing Service

APN: MI-24238-070-021-0

North Dakota Ward County Minot 58701

107 Main St S, Minot, ND

Not Listed for Sale

MultiFamily

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