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Former Restaurant with Patio Seating

108 N Mandan St Bismarck, ND

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For Sale
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Downtown restaurant space with high visibility and outdoor seating.

Type:RETAIL
Property size:
2,912 SF
Lot size:
0.09 Acres
Price / SF:
$154/SF
Added:
Nov 25, 2025
Days on Market:
228
Last Refresh:
May 20 at 8:16 pm

Property Features for 108 N Mandan St

General Information

Standard status
Active
Size
2,912 SF
Lot size
0.09 Acres
Property subtype
RETAIL

Listing office The CRA Group

Listing date Nov 25, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of The CRA Group


Investment Insights

Based on property information with market context.

This former downtown restaurant space offers high visibility, traffic, and signage opportunities. A back patio with a garage door provides additional seating during the summer months. The property has a Walk Score of 87, indicating it is very walkable. The interior features a waiting/reception area with a fireplace, a built-out bar area, and a kitchen with a rear entrance. There is also an office with access to a storage area. The property includes men's and women's ADA-compliant restrooms. The property size is 2912 square feet. Average monthly utilities are $265 for gas and $510 for electricity. Taxes for 2023 were $4,758.77.

Key Highlights

  • High Visibility and Traffic Location in Downtown Area
  • Walk Score of 87: Very Walkable
  • Back Patio with Garage Door for Extra Seating

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $55.2k $18.96
− Vacancy −$1.4k −$0.49
EGI $53.8k $18.47
− OpEx −$16.1k −$5.54
NOI $37.6k $12.93
2,912 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%

Alternative Uses

Best Use
Retail
$537.8K
$470.5K – $627.4K (±1% cap)
NOI $37,643 @ 7.0% cap · market cap 8.37%
Second Best
Specialty Retail
$498.7K
$436.4K – $581.8K (±1% cap)
NOI $34,908 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$693.0K
$606.3K – $808.5K (±1% cap)
NOI $48,507 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Bars & Pubs

Suggested Use

Big Box & Wholesale Store Storage Facility Locksmith Veterinary Clinic Daycare Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Grocery & Convenience Store Wine and Liquor Store

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

Similar Off Market Nearby

  • I Do Catering — Bismarck, ND 58501
  • The Firepit — 307 N 3rd St, Bismarck, ND 58501

FAQs

What type of property is this?
Restaurant - Downtown restaurant space with high visibility and outdoor seating.
Where is this restaurant located?
The property is located at 108 N Mandan St Bismarck, ND.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High Visibility and Traffic Location in Downtown Area; Walk Score of 87: Very Walkable; Back Patio with Garage Door for Extra Seating
Contact an agent
(701) 400-5373 Call to check price and availability
More about this property
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