3825 Franklin AveBismarck, ND 58503

Property Details for 3825 Franklin Ave

Year built

1984

Lot size

1.83 AC

Zone code

MA

Property type

Commercial real estate

APN

0902-003-001

APU

902003001

Description

Exceptional opportunity to acquire a 79,697 square foot industrial land parcel located at 3825 Franklin Avenue in Bismarck, North Dakota. This property, identified by APN 0902-003-001, is zoned MA - Light Industrial and presents a compelling investment prospect due to its prime location at the high-visibility southwest corner of Franklin and Centennial Road. The lot features a mix of concrete and asphalt surfaces, a legacy of its previous use by a logistics trucking company, making it ready for immediate development. Situated in a rapidly expanding area of Northeast Bismarck, experiencing significant growth across commercial, industrial, and residential sectors, this location offers unparalleled potential. The property's proximity to Sunrise Town Centre, a thriving neighborhood retail and grocery development, further enhances its appeal. The high traffic count and corner lot visibility ensure maximum exposure for any future development. Considerable development options exist, including shop condos, commercial business suites, or a single-user facility. 2023 property taxes were $3,655.49, with special assessments totaling $28,607.19 ($5,651.23 installments and $22,955.96 balance). This property offers easy access to I-94 Exit 161, providing convenient transportation links. Don't miss this chance to capitalize on the burgeoning growth in Bismarck's Northeast sector.

• CAP approach

  CAP return

  Valuation

  6%

  $14,129,800

  6.5%

  $13,042,900

  7%

  $12,111,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,068,650

  Geo Method

  $4,068,650

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $27,447,600

  Retail / Commercial

  $13,728,700

  Mixed-Use / Specialty

  $13,406,800

  Hospitality / Lodging

  $9,480,840

  Office

  $13,042,900

  Institutional / Educational

  $13,840,200

  Residential Income

  $16,193,000

  Multifamily

  $20,934,000

  Automotive / Energy

  $11,863,000

  Parking / Income-Based Land

  $4,363,410

  Restaurant / Food Service

  $6,390,540

  Healthcare / Senior Housing

  $14,028,300

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8392

Longitude

-100.732

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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