500 30th Ave NW

Description

This property is known at the Northland Mobile Home Park. The park was established in 1960. This listing includes the mobile home court along with a large amount of land on 30th Ave NW in Minot, ND. Traffic can travel this route to get to the Eric Ramstad Middle School, the new Minot High North campus (opening fall of 2024) in northwest Minot and the Market Place North Hill shopping area. The land adds a considerable amount of value when you look at a Cost/Square Foot calculation. This listing includes 17.687 acres of land allowing for considerable amount of expansion of the mobile home court, commercial or residential development. The land, without considering any value for the mobile home court, is being marketed at $1.93 per square foot. We get to that number by dividing the listed price of $1,490,000 into the 771,500 Square Feet of land. This listing consists of seven parcels of land. Three of the parcels have established address of 400, 500 and 510 30th Ave NW. There are four parcels without established addresses included in the legal description information. The mobile home court was designed with 89 mobile home lots. The lot sizes of the day were smaller that todays standard lot sizes. There are an estimated 65 lots available after resizing. This listing also includes 13 mobile homes. The details, pictures and access to these homes will follow. The park is currently operated by the owner. The condition of the park is average while the utilities are operational. This is a good opportunity for someone who can update the park and renovate the viable mobile homes. Zoning: The mobile home court at 500 30th Ave NW lot is zoned MH/Mobile Home The 400 30th Ave NW lot to the east is zoned C2/Commercial The 510 30th Ave NW lot to the west is zoned R1/Residential The four remaining lots are zoned Agricultural and ARE NOT in Minot City Limits. In summary, while the mobile home is important, this is more than a mobile home court purchase. The land has been packaged with the mobile home court by the seller. He believes the potential for a buyer to develop the property is greatly enhanced when purchased on one transaction. Call our office or your local realtor to arrange a showing.