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Lake Center Chateau 215 Highway 2 W

5,640 SF Retail Building Devils Lake, ND $548,999 ($97/SF)

Investment Highlights

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

Executive Summary

Stylish one of a kind commercial property located in a highly visible location along Highway 2 and the junction of several regional thoroughfares. This property serves as an easy point of reference and landmark due to its prominent location and unique design. The building features an impressive turret foyer, expansive vaulted ceilings with rugged exposed beams, multiple fireplaces, and the use of wood, tile, granite, and other natural finishes. Over 5600 sq ft of finished space that would be ideal for a pub, micro-brewery, supper club, restaurant, boutique, church, event center, retail, professional space, etc. The structure is very suitable for a single use or could easily be divided into three separately accessible spaces. A second level provides an ideal space for offices or on-site living quarters complete with a full bathroom. Devils Lake is known as a year round recreation destination, offering outstanding fishing, hunting, and camping opportunities. learn more about Devils Lake at: https://www.ndtourism.com/cities/devils-lake and https://www.devilslakend.com/

Property Facts

Sale Type
Property Type
Property Subtype
Building Size
Sale Type
Property Type
Property Subtype
Building Size
Building Class
Year Built
Sale Type
Property Type
Property Subtype
Building Size
Building Class
Year Built
Price
Price Per SF
Tenancy
Building Height
Building FAR
Land Acres
Owner User
Retail
Restaurant
5,640 SF
Owner User
Retail
Restaurant
5,640 SF
B
1978
Owner User
Retail
Restaurant
5,640 SF
B
1978
$548,999
$97
Multiple
2 Stories
0.19
0.69 AC
Building Class
Year Built
Price
Price Per SF
Price
Price Per SF
Tenancy
Building Height
Building FAR
Land Acres
B
1978
$548,999
$97
$548,999
$97
Multiple
2 Stories
0.19
0.69 AC
Tenancy
Building Height
Building FAR
Land Acres
Multiple
2 Stories
0.19
0.69 AC
Zoning
Parking
Opportunity Zone
C1
70 Spaces (10 Spaces per 1,000 SF Leased)
No

Amenities

  • Corner Lot
  • Fireplace
  • Pylon Sign
  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning
  • Listing ID: 18338878
  • Date Created: 4/20/2018
  • Last Updated:

zoning

Zoning Code C1

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

Traffic

Collection Street Cross Street Traffic Volume 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
State Hwy 20 US Hwy 2 W, NE 7,900 2014 0.27 mi
US Hwy 2 College Dr S, NW 11,590 2014 0.27 mi
US Hwy 2 W State Hwy 19, N 645 2018 0.28 mi
US Hwy 2 2nd St NW, NW 442 2018 0.30 mi
2nd St NE College Dr N, W 1,345 2014 0.32 mi

Taxes & Operating Expenses (Actual - 2019)

Annual Annual Per SF
Taxes $3,282 $0.58
Operating Expenses - -

PROPERTY TAXES

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