121 4Th StBismarck, ND 58501

Property Details for 121 4Th St

Year built

1902

Lot size

0.08 AC

Property size (Sq ft)

6,500 SF

Zone code

DC

Property type

Turn key restaurants

APN

0001-048-060

APU

1048060

Description

This exceptional Bismarck, ND property, located at 119 & 121 N 4th Street, presents a unique investment opportunity. The 10,183 square foot building, constructed in 1902, boasts a prime downtown location, offering both retail and creative office space across its two stories. Currently, one half of the main floor is occupied by a tenant, providing immediate income potential. The remaining main floor space and the entire second floor, a shell space ready for customization, offer significant upside. The property features three units within a single building, situated on a 3,500 square foot lot. Convenient alley access leads to a small private parking area. The building is zoned DC - CORE ZONING DISTRICT. Its proximity to thriving businesses like Hi Honey Salon, Brickhouse Bakery, KFYR Studio, and KLJ enhances its desirability. This is an ideal opportunity for an owner-occupier or investor seeking a versatile, high-traffic location in the heart of Bismarck. The asking price is $849,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,494,410

  6.5%

  $1,379,456

  7%

  $1,280,923

• Comparable approach

  Method

  Valuation

  Relative Method

  $836,035

  Geo Method

  $836,035

• Alternative Use

  Use

  Valuation

  Residential

  $1,163,622

  Hospitality

  $1,065,872

  Educational

  $886,793

  Medical

  $917,291

  Retail

  $1,379,456

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8063

Longitude

-100.786

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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