Kenmare, North Dakota Commercial Real Estate 0 Listings

Kenmare, North Dakota: A Premier Destination for Commercial Real Estate

Introduction

Kenmare, North Dakota, though a small city, is emerging as a dynamic player in the commercial real estate (CRE) landscape. Strategically located in Ward County, Kenmare is known for its robust agricultural economy and proximity to energy resources. The city's unique positioning offers significant opportunities in industrial and logistics sectors, making it an attractive destination for CRE investors and developers.

Economic and Industry Overview

Kenmare's economy is primarily driven by agriculture and energy, with significant contributions from the oil and gas sectors due to its location near the Bakken Formation. This industry mix creates a strong demand for industrial and logistics properties. The presence of local economic development initiatives, like the North Dakota Department of Commerce, further supports business growth and property investments.

Strategic Location and Transportation Infrastructure

Kenmare boasts excellent connectivity through U.S. Highway 52, providing direct routes to major cities and markets. The city's proximity to Minot International Airport enhances its logistical appeal, facilitating easy access for business travelers and freight services. Additionally, the Burlington Northern Santa Fe (BNSF) Railway provides pivotal rail connectivity, crucial for heavy industries and agriculture.

Commercial Real Estate Inventory & Zoning

Kenmare's CRE landscape is diverse, featuring key submarkets such as the central business district and industrial corridors. The city offers a variety of asset classes including industrial spaces, retail centers, and office properties. Recent zoning changes have introduced overlays that encourage mixed-use developments and sustainable practices.

Major Employers and Institutions

The economic fabric of Kenmare is supported by major employers in agriculture and energy, such as CHS Inc. and Hess Corporation. These organizations, alongside key institutions like the Kenmare Public School District, drive significant demand for commercial real estate.

Notable Commercial Developments & Projects

Kenmare is witnessing an upsurge in commercial projects, including mixed-use developments and energy sector expansions. The city's inclusion in Opportunity Zones enables investors to benefit from tax incentives while contributing to local growth.

Kenmare Planning Department

Building Permits, Planning, and Development Tools

Kenmare offers a suite of online resources for developers, including:

Market Data & Economic Reports

Public data sets such as those from census.gov and the city's economic reports provide invaluable insights into Kenmare's real estate market. Brevitas aggregates this public data with internal insights to deliver comprehensive market analyses.