200 Main AveBismarck, ND 58501

Property Details for 200 Main Ave

Year built

1880

Lot size

0.15 AC

Property size (Sq ft)

12,922 SF

Zone code

DC

Property type

Office properties

Property subtype

Other office properties

APN

0001-052-055

APU

1052055

Description

This exceptional mixed-use property, located at 200 E Main Ave in Bismarck, North Dakota, presents a rare opportunity to acquire a piece of history. Built in 1880, this three-story building boasts 12,922 square feet of space, currently enjoying 100% occupancy across its storefront and traditional office spaces. The building sits on a 6,500 square foot lot and is zoned DC - CORE ZONING DISTRICT. Features include updated and modern finishes throughout, a recently installed new roof, and abundant natural light thanks to large windows. Elevator access is available to all three floors, enhancing convenience and accessibility. The asking price is $1,325,000, translating to $102.54 per square foot. This prime location in downtown Bismarck offers high visibility and strong potential for continued growth and profitability. The building's rich history combined with its modern amenities makes it an ideal investment for discerning buyers seeking a unique and lucrative commercial property. This is a truly remarkable opportunity to own a significant piece of Bismarck's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $2,021,012

  6.5%

  $1,865,550

  7%

  $1,732,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $659,539

  Geo Method

  $659,539

• Alternative Use

  Use

  Valuation

  Residential

  $2,313,281

  Hospitality

  $2,118,953

  Educational

  $1,762,944

  Medical

  $1,823,575

  Retail

  $2,742,358

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8058

Longitude

-100.789

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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