424 3Rd StBismarck, ND 58504

  • Retail properties
  • 11,682 SF
For Lease

Property Details for 424 3Rd St

Year built
1998
Lot size
0.85 AC
Property size (Sq ft)
11,682 SF
Zone code
CG
Property type
Retail properties
Property subtype
Strip malls
APN
0640-003-010
APU
640003010

Description

This exceptional office space, located at 424 S 3rd Street in Bismarck, North Dakota, 58504, presents a fantastic opportunity for a single tenant. Situated within the Aspen Group LLP building, this traditional office space offers a range of convenient amenities. The property features multiple office spaces, ideal for businesses of varying sizes. Shared amenities include a welcoming guest reception area, providing a professional first impression for clients and visitors. A conference room is available for use by appointment, ensuring efficient scheduling and meeting management. Furthermore, tenants will benefit from access to a comfortable break room, enhancing employee convenience and fostering a positive work environment. The building's location at 424 S 3rd Street places it within easy reach of Bismarck's central business district, offering excellent accessibility and visibility. This single-tenancy arrangement provides privacy and control, making it an attractive option for businesses seeking a dedicated and functional workspace. The property's latitude and longitude coordinates are 46.8013441 and -100.7887179 respectively. This is a rare opportunity to secure a well-appointed office space in a desirable Bismarck location. Inquire today to learn more about this exceptional property and its potential to meet your business needs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,685,800
    6.5%
    $2,479,200
    7%
    $2,302,114
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,502,548
    Geo Method
    $1,502,548
  • Alternative Use

    Use
    Valuation
    Residential
    $2,091,298
    Hospitality
    $1,915,618
    Educational
    $1,593,772
    Medical
    $1,648,584
    Retail
    $2,479,200
424 3Rd St, Bismarck, North Dakota

Location Insight

City
Bismarck
County
Burleigh
State
North Dakota
Latitude
46.8013
Longitude
-100.789
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
$22,542
$229,850
$577,200
$807,050
-
$459,700
$1,154,400
$1,614,100

FAQs

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