Two-Level Office
For Sale
$389,000
1301 E Front Avenue, Bismarck, ND 58504
Separate utility service and three entrances support potential multi-tenant occupancy.
Property Size2,200 SF
Price / SF$176.82
Days on Market20
Property Features for 1301 E Front Avenue
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1949
Buildings
1
Stories
2
Listing Agency:
Realty One Group - Encore
Listed By:
Courtney J Maier
(701) 390-3329
Source:
Gabrielblackre
Added: Oct 12
Changed: Oct 31
Last Checked: Oct 31 at 2:27PM
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 Realty One Group - Encore
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Investment Insights
Based on property information with market context.
This 2,200-square-foot office building has two levels with multiple private offices, two bathrooms, kitchenette areas, and an attached garage. Interior and exterior improvements have been completed, and the building dates to 1949. Three entrances and separately metered utilities provide flexibility for potential multi-tenant occupancy.
The property is at 1301 E Front Avenue in Bismarck, near downtown. Its oversized lot provides parking and outdoor storage, with potential for an additional shop or other expansion subject to city approval.
The property is at 1301 E Front Avenue in Bismarck, near downtown. Its oversized lot provides parking and outdoor storage, with potential for an additional shop or other expansion subject to city approval.
Key Highlights
- 2,200‑square‑foot, two‑level office building
- Multiple private offices, two bathrooms, and kitchenette areas
- Three separate entrances and utilities separated for potential multi‑tenant use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,574
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,480
$571.5K
Cap Rate 7%
$408,200
$408.2K
Cap Rate 9%
$317,489
$317.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$44.4K $20.16/SF
− Vacancy
−$6.3K −$2.84/SF
EGI
$38.1K $17.32/SF
− OpEx
−$9.5K −$4.33/SF
NOI
$28.6K $12.99/SF
Area
Burleigh County, ND
Vacancy
14.10%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,480
Cap Rate 7%
$408,200
Cap Rate 9%
$317,489
Alternative Uses
Best Use
Office B
$408.2K
$357.2K – $476.2K
NOI $28,574 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.5K
$458.1K – $610.8K
NOI $36,647 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,526
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Separate utility service and three entrances support potential multi-tenant occupancy.
Where is this office building located?
The property is located at 1301 E Front Avenue Bismarck, ND.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 2,200‑square‑foot, two‑level office building; Multiple private offices, two bathrooms, and kitchenette areas; Three separate entrances and utilities separated for potential multi‑tenant use
