ONLINE ONLY COMMERCIAL AUCTION

United States Post Office Building – Parshall, ND

Opens: Monday, March 1, 2021 – 10:00 a.m. (CT)

Closes: Friday, March 5, 2021 – 10:00 a.m. (CT)

 

Auction Note: This is a fantastic opportunity to buy a strong income producing property with the United States Postal Service (USPS) as your major tenant.  Additionally, there are 4 more apartments and an office space.  Recent improvements include new steel roof, painting, newer boiler as well as interior improvements.   

 

Contact:  Steve Link at 701.361.9985.

 

 

Property Information:

Address: 107 Main St. S – Parshall, ND 58770

Legal:  Original Townsite: LOT 9 BLK 25

Parcel ID: 580022200

Lot Size: 50’ x 140’

USPS Lease Rate

            6/1/2020 – 6/1/2025    $16,353.00

            6/1/2025 – 6/1/2030    $17,171.00

            6/1/2030 – 6/1/2035    $18,030.00

 

This property is offered on a Pifer’s Online Only Auction and is a “As Is, Where Is” commercial property sale.  The USPS recently signed a long-term lease agreement and buyer will be assigned said lease.  Furthermore, there are 4 one-bedroom apartments with strong rental potential.  In the past those units rented for $600/month.  The building is heated by a LP Boiler system with electric boiler backup.  The office space on the street side of the building is vacant but has excellent exposure with lots of foot traffic from the Post Office.  The building is located on the south end of Main Street and has street parking as well as back lot parking.  This offering has strong cash flow potential.

 

OWNERS:  Dakota Land Associates

 

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