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    219 1St Ave Jamestown, ND 58401

    Sponsored
    For Sale
    $505,000

    High-yield rental property in prime location.

    Property size:
    1,950 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This 1,950 square foot commercial building, situated on a 0.24-acre lot at 219 1st Avenue South in Jamestown, North Dakota, presents a compelling investment opportunity. Located in the heart of downtown, this property boasts excellent visibility and accessibility, enhanced by both front and rear entrances. Ample parking is available for tenants and customers. The building's current configuration is ideal for generating rental income, making it an attractive prospect for investors seeking a stable, cash-flowing asset. Its location within the Renaissance Zone offers potential tax advantages, further enhancing its financial appeal. The property's size and layout provide flexibility for a variety of commercial uses, allowing for adaptation to evolving market demands. This is a rare chance to acquire a well-situated, income-producing property in a thriving downtown area. Serious inquiries are encouraged to explore the full potential of this exceptional investment. The asking price is $505,000. Further details are available upon request.

    Property Features for 219 1St Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,950 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1961
    Property Profile Location Intelligence

    Current Use by Public Records

    Nodak Insurance Company Insurance Agency Enstyl Hair Salon Beauty Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Stutsman
    State
    North Dakota
    Longitude
    -98.70824
    Latitude
    46.90684

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    Nearby Similar for Sale

    • $2,600,000
      27,419 SF

      Office Building Near James River

      Well-maintained office building leased to government agency.
      520 3Rd St NW, Jamestown, ND 58401
      View Details
    • $3,600,000
      53,904 SF

      Jamestown Multifamily Investment Opportunity

      High-Occupancy Apartment Complex in Jamestown, ND
      1600 11Th Ave, Jamestown, ND 58401
      View Details
    • $3,250,000
      83,144 SF

      Multi-Purpose Campus for Sale

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      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-yield rental property in prime location.
    Where is this commercial real estate located?
    The property is located at 219 1St Ave Jamestown, ND.
    What is the asking price?
    The asking price for this property is $505,000.
    Request Owner's contact information
    219 1St Ave Jamestown, ND 58401
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    219 1St Ave
    Jamestown, ND 58401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    219 1St Ave Jamestown, ND 58401
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