1414 Interstate LoopBismarck, ND 58503

Property Details for 1414 Interstate Loop

Year built

1975

Lot size

0.83 AC

Property size (Sq ft)

9,900 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

0650-001-045

APU

650001045

Description

This Bismarck, North Dakota industrial property, located at 1414 Interstate Loop (APN 0650-001-045), offers a unique blend of showroom and warehouse space, ideal for various businesses. The single-story, 9,900 square foot building sits on a 35,999 square foot lot and was built in 1975. The warehouse features a 14-foot sidewall height, 12-foot clear height, a 12x10 overhead door, and a hot and cold water sink. A small office and ample parking are also included. The showroom boasts an open floor plan with support columns, a drop grid ceiling with strip lights, and is fully heated and cooled. Three-phase power is available. The property is zoned CG. 2023 property taxes totaled $12,952.11. The asking price is $1,400,000 ($141.41/sq ft). This property is conveniently located near State Street and Interstate 94, adjacent to Grand Theaters, offering high visibility and accessibility. The current lease expires in May 2025. Further lease details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $2,276,102

  6.5%

  $2,101,017

  7%

  $1,950,944

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,273,346

  Geo Method

  $1,273,346

• Alternative Use

  Use

  Valuation

  Residential

  $1,772,286

  Hospitality

  $1,623,405

  Educational

  $1,350,654

  Medical

  $1,397,105

  Retail

  $2,101,017

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8336

Longitude

-100.771

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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