216 14Th StBismarck, ND 58501

  • Healthcare properties
  • 1,803 SF
For Sale
$750,000 View listing

Property Details for 216 14Th St

Year built
1927
Construction
FRAME
Lot size
0.16 AC
Property size (Sq ft)
1,803 SF
Zone code
CG
Property type
Healthcare properties
Property subtype
Medical offices
APN
0010-011-005
APU
10011005

Description

This exceptional 2,886 square foot property located at 216 N 14th Street, Bismarck, North Dakota, presents a unique investment opportunity. Situated on a 0.16-acre lot, this turnkey wellness center has served as a thriving hub for holistic wellness for nearly a decade. The building is meticulously designed to cater to the needs of the wellness and/or medical community, offering a move-in ready solution complete with specialized float therapy suites, individual offices, and significant potential for expansion. Each room is thoughtfully designed to maximize focus and healing. The float therapy suites feature over 1,200 pounds of Epsom salt per pool, state-of-the-art temperature controls, and soundproofed private rooms, ensuring the highest level of comfort and care. A basement area provides additional space, suitable for owner occupancy or rental, generating further income streams. City-approved expansion plans are in place, allowing for seamless growth and adaptation to evolving market demands. The existing infrastructure is robust, minimizing upfront investment and allowing the new owner to concentrate on service expansion and client acquisition. The property is priced at $600,000 and includes an assumable loan with a 4.6% interest rate, representing a compelling financial advantage. This is an exceptional opportunity for a visionary leader to acquire a well-established, high-quality wellness center with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $281,991
    6.5%
    $260,299
    7%
    $241,706
  • Comparable approach

    Method
    Valuation
    Relative Method
    $92,025
    Geo Method
    $92,025
  • Alternative Use

    Use
    Valuation
    Residential
    $322,771
    Hospitality
    $295,656
    Educational
    $245,983
    Medical
    $254,442
    Retail
    $382,640
216 14Th St, Bismarck, North Dakota

Location Insight

City
Bismarck
County
Burleigh
State
North Dakota
Latitude
46.807
Longitude
-100.771
CBSA code
13900
CBSA name
BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,179
$27,800
$133,000
$160,800
-
$55,600
$266,000
$321,600

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