Minot, North Dakota Commercial Real Estate 3 Listings

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

Introduction

Minot, North Dakota, is an emerging hub for commercial real estate (CRE) thanks to its strategic location, robust economic sectors, and supportive business environment. Known as the "Magic City," Minot boasts a population of approximately 48,000 people and serves as a critical economic center in North Dakota. The city's economy is anchored by key industries such as agriculture, energy, and defense, which drive demand for various commercial property types including industrial, office, and retail spaces.

Economic and Industry Overview

Minot's economy is primarily driven by agriculture, energy, and defense sectors. The presence of the Minot Air Force Base brings significant federal investment and a steady demand for housing and retail. The energy sector, particularly oil production in the Bakken formation, has spurred industrial property demand. The agriculture industry, with its expansive grain and livestock operations, continues to support industrial and logistics real estate needs.

Local economic development initiatives, like the Minot Area Development Corporation, focus on diversifying the economy and attracting new businesses, enhancing the city's appeal for commercial real estate investors.

Strategic Location and Transportation Infrastructure

Minot's strategic location offers excellent connectivity through major highways such as U.S. Routes 2, 52, and 83, facilitating efficient transportation and logistics. The city is served by the Minot International Airport, providing passenger and cargo services. Rail lines operated by BNSF Railway enhance freight movement, crucial for industries like agriculture and energy.

Minot's transportation infrastructure supports its role as a distribution hub with easy access to regional and national markets. For more details, visit the North Dakota Department of Transportation.

Commercial Real Estate Inventory & Zoning

Minot's CRE market is composed of various submarkets, including the Central Business District (CBD) and industrial corridors. Key asset classes include industrial, retail, office, and medical properties. Notable zoning changes and incentives, such as tax abatements in designated zones, encourage development.

The city's zoning maps and parcel viewers can be accessed via the City of Minot Planning Department.

Major Employers and Institutions

Minot's economy benefits from major employers like the Minot Air Force Base, Trinity Health, and Minot State University. These institutions drive demand for commercial spaces, particularly in sectors like office and retail.

For a comprehensive list of businesses and employers, explore the Minot Area Chamber EDC.

Notable Commercial Developments & Projects

Significant commercial developments in Minot include mixed-use projects and innovation parks. Public-private partnerships and Opportunity Zones are fostering urban renewal and investment in key areas.

Information on planning and development projects can be found on the City of Minot's Planning Department website.

Building Permits, Planning, and Development Tools

Market Data & Economic Reports

Access public datasets and economic reports through census.gov and Minot's open data portal. Brevitas uses AI-powered aggregation from these sources and internal insights to deliver comprehensive market intelligence.

Explore Brevitas-powered dashboards for Minot here.

Why Use Brevitas for Minot, North Dakota CRE?

Brevitas offers AI-driven CRE discovery with real-time market alerts, smart property pages, and dealroom collaboration, making it the go-to platform for Minot CRE. Key features include: