214 Main AveBismarck, ND 58501

Property Details for 214 Main Ave

Year built

1927

Lot size

0.15 AC

Property size (Sq ft)

2,994 SF

Zone code

DC

Property type

Retail properties

Property subtype

Retail space

APN

0001-052-030

APU

1052030

Description

This exceptional Bismarck, ND retail property, located at 214 & 214 1/2 E Main Ave, offers two available suites totaling 2,000 square feet of vacant space within a 2,994 square foot building. Situated on a 6,500 square foot lot, this single-story, 1927-built structure is zoned DC - Downtown Core (APN: 0001-052-030). Each suite offers a minimum of 1,000 square feet and a maximum contiguous space of 2,000 square feet, providing flexibility for various business needs. The property boasts a prime Main Avenue location, ensuring high visibility and foot traffic. Open floor plans allow for customizable layouts to suit individual business requirements. The estimated Net, Net, Net (NNN) rent is $1.74 per square foot per unit, with estimated utilities at $120.00 per unit per month. This presents a unique opportunity to establish a strong presence in the heart of Bismarck's vibrant downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $688,348

  6.5%

  $635,398

  7%

  $590,013

• Comparable approach

  Method

  Valuation

  Relative Method

  $385,091

  Geo Method

  $385,091

• Alternative Use

  Use

  Valuation

  Residential

  $535,982

  Hospitality

  $490,957

  Educational

  $408,470

  Medical

  $422,518

  Retail

  $635,398

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8058

Longitude

-100.788

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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