216 14Th StBismarck, ND 58501

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

Medical offices

Property subtype

Medical centers

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.

• 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

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

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