Prime Minot Real Estate Up For Auction on October 24th
OCTOBER 2, 2017 | MINOT, ND — Continental Auction Real Estate Solutions (CARES), in partnership with Energy Real Estate Solutions (ERES) presents an exciting auction opportunity for prime Bakken Commercial Property and Development tracts in Minot, North Dakota. On Tuesday, October 24, 2017 at 7:00 pm CDT, this prime real estate will be auctioned at the Grand Hotel in Minot, ND. Twelve properties are available, ranging from 5.1 to 160 acres in size. With utility access, highway 83 frontage, and commercial, industrial, and residential zoning, the opportunities for development are endless.
The Bakken oilfield play is a major driver for continued activity in North Dakota. It is estimated that over the next two decades, up to 20 billion dollars a year will be spent in state. Behind Texas, North Dakota is the second highest oil-producing state in the US. An updated oil and gas assessment was recently released by the US Geological Survey, estimating 7.4 billion barrels of undiscovered, technically recoverable oil. “Investing in Bakken real estate is a ‘forward-looking’ strategy that is bound to reap dividends as oil prices stabilize and markets continue to expand,” said Mike Elliott, Managing Director of ERES, a full service real estate firm specializing in the world’s most active energy sites.
Located in north central North Dakota, Minot is the county seat of Ward County and is the trading center for a large portion of northern North Dakota, southwestern Manitoba and southeastern
Saskatchewan. This pro-business community, creates an attractive dynamic for incoming businesses, services and families, as North Dakota currently has the lowest unemployment rate in the nation and over $80 million has been invested in new schools and expansions. Bakken drilling activity will continue to draw people to Minot, expanding the city in population and development. Ultimately, activity in the Bakken will surge in the need for housing, restaurants, retail, schools, transportation, and medical services, and the increase of suppliers to support this industry including rail, pipe, lumber, natural gas plants, and power.
CARES is an international auction company specializing in agriculture and commercial real estate in rural markets. “The auction process will offer a unique opportunity to the public and investors to acquire these properties at ‘fair market value’,” said Scott Tibble, of CARES.
For complete Property and Auction information, and online bidding information, visit: bakkenpropertiesauction.com
As shale markets continue to become a larger and more meaningful part of the global energy outlook, real estate development has become increasingly difficult and time consuming to navigate. Energy Real Estate Solutions, LLC (ERES) is a full service commercial real estate firm focused on helping energy companies and investors to maximize their real estate portfolio, while allowing their focus to remain on other key operational concerns.