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215 Highway 2 W - Lake Center Chateau

5,640 SF Retail Building Offered at $548,999 in Devils Lake, ND

Highlights

  • Over 5,600 square of customizable space ideal for a pub, restaurant, or professional space.
  • Newly renovated, including commercial kitchen (2018), replaced flat roof, heating and A/C units, bathrooms, interior and exterior paint, and more
  • Ample parking and lighted Hwy signage on busy Hwy 2
  • Attractive economic incentive for new businesses through state and local Renaissance Zoning.
  • Includes separate upstairs office/classrooms/storage.
  • Built out for single occupancy or up to three separate commercial spaces.

Investment Summary

For Sale or Lease Options Available
Current in-place tenant Roma's Italian Bistro (retail side of building.) Lease options assumable with purchase.
Please Call for additional information and to schedule a showing.
Full 3D online tours available, see links.

The Offering

  • Listing ID: 12327209
  • Date Created: 4/20/2018
  • Last Updated:

ABOUT 215 Highway 2 W , Devils Lake, ND 58301

One-of-a-kind landmark Lake Center Chateau Commercial Building. Exterior Renaissance/Tudor architecture creates an appearance that is truly unique. Building features include: vaulted and beamed ceilings, pub room with bar, multiple fireplaces, unique period lighting and extensive use of wood, tile, granite and other natural finishes. Possibilities: Pub/ Micro Brewery / Restaurant / Retail / Professional space / Escape Rooms/ Event Center / Commercial Lease Options A signature building inside and out!

Links

Taxes & Operating Expenses (Actual - 2018)

Annual Annual Per SF
Taxes $2,894 0.51
Operating Expenses - -

TRADE AREAS

Talent Base and Commute Times

1 mile 1 mi 3 mile 3 mi 5 mile 5 mi
1 Mile
3 Mile
5 Mile
Total Population
4,672
7,596
8,828
2010 Population
4,460
7,385
8,660
2024 Population
4,681
7,586
8,801
Employees
4,617
6,887
7,036
Total Businesses
627
788
818
Average Household Income
$52,682
$56,250
$60,188
Median Household Income
$39,223
$43,044
$47,485
Total Consumer Spending
$43.06M
$71.12M
$85.59M
Median Age
38.1
38.2
38.7
Households
2,182
3,427
3,882
Percent College Degree or Above
13%
15%
16%
Average Housing Unit Value
$111,530
$122,818
$143,031

Amenities

  • Air Conditioning
  • Restaurant
  • Corner Lot
  • Signage
  • Fireplace
  • Tenant Controlled HVAC
  • Pylon Sign
  • Storage Space

Traffic

Collection Street Cross Street Traffic Vol Year Distance
College Dr S 5th St SE, S 6,255 2014 0.10 mi
US Hwy 2 W State Hwy 20, SE 2,515 2014 0.14 mi
US Hwy 2 College Dr S, SE 7,990 2014 0.17 mi
College Dr S 6th St SE, N 5,565 2014 0.19 mi
6th St SE College Dr S, W 1,220 2014 0.20 mi
Walk Score ®
59
Somewhat Walkable
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

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