222 4Th StBismarck, ND 58501

Property Details for 222 4Th St

Year built

1920

Lot size

0.16 AC

Property size (Sq ft)

13,426 SF

Zone code

DC

Property type

Retail properties

Property subtype

Retail space

APN

0001-064-001

APU

1064001

Description

This exceptional mixed-use investment opportunity in Bismarck, North Dakota, presents a rare chance to acquire the iconic Tribune Building located at 222 N 4th St, Bismarck, ND 58501. Boasting a substantial 21,000 square feet, this property is priced at $1,499,900 ($71.42/sq ft) and offers a compelling blend of commercial and residential spaces. The building comprises 24 office spaces, perfectly suited for a variety of businesses, and 11 one-bedroom, one-bathroom apartments. Five of these apartments are currently furnished and operate as successful short-term rentals, generating immediate income. All apartments share convenient coin-operated laundry facilities. Recent improvements include a new rubber roof (installed approximately 2020) and a building-wide hot water heater replacement in 2024. Furthermore, five apartments underwent renovations in 2023-2024, enhancing their appeal and rental value. The building's prime downtown location offers easy access to shops, restaurants, and hospitals, maximizing its appeal to both tenants and investors. Owner financing is available, making this an even more attractive proposition. This historic building presents a unique opportunity for owner-users seeking a high-return investment in a thriving downtown area. Don't miss this chance to own a piece of Bismarck's history and secure a promising future.

• CAP approach

  CAP return

  Valuation

  6%

  $3,086,762

  6.5%

  $2,849,318

  7%

  $2,645,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,726,863

  Geo Method

  $1,726,863

• Alternative Use

  Use

  Valuation

  Residential

  $2,403,507

  Hospitality

  $2,201,599

  Educational

  $1,831,705

  Medical

  $1,894,700

  Retail

  $2,849,318

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8074

Longitude

-100.787

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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