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Southdale Business Center Office Space
For Lease
$14 SF/Yr

531 Airport Rd, Bismarck, ND 58504

Affordable office space with ample parking in business center.

Space SizeContact for details
Lot Size2.55 Acres
Days on Market759

Property Features for 531 Airport Rd

General Information

Standard status Active
Lot size 2.55 Acres
Listing Agency: NORTHWEST REALTY GROUP
Listed By: JIM CHRISTIANSON
Source: Exprealty
Added: Jul 15, 2024 Changed: Aug 8 Last Checked: Jul 16 at 5:46PM

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 NORTHWEST REALTY GROUP

Investment Insights

Based on property information with market context.

This is an affordable second-floor office space located in the Southdale Business Center. The layout includes ten private offices, a reception area, a conference room equipped with a wet bar, and a break room that also features a wet bar. The property benefits from ample 'front door' parking. Other tenants in the business center include Ken's Flower Shop, Signs & Wonders, and American Family Insurance.

Key Highlights

  • Affordable office space available in Southdale Business Center.
  • Features ten private offices.
  • Conference room with wet bar for your convenience.

Property Analytics

Current Use

Tax Relief Tax Preparation Ken's Flower Shop (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Parking Lot & Garage Grocery & Convenience Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

438
Businesses Nearby

Demographics for 58504, ND

29,517
Population
12,479
Households
2.4
Avg Household Size
35
Median Age
31%
College-Educated
94%
High-School Grad
103.3 sq mi
ZIP Area
286
Density / Sq Mi
$78,671
Median Household Income
$45,817
Median Earnings
$940
Median Rent
$282,100
Median Home Value

Market

Lease Benchmarks for Bismarck, ND

$14.75 /SF/Yr
Avg Asking Price
$9–$20 /SF/Yr
Price Range
3,123 SF
Avg Space Size

This space is priced 5% below the average of $14.75 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Affordable office space with ample parking in business center.
Where is this office units located?
The property is located at 531 Airport Rd Bismarck, ND.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Affordable office space available in Southdale Business Center.; Features ten private offices.; Conference room with wet bar for your convenience.
More about this property
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