Listing Agency: Century 21 Morrison Realty k***@gmail.com Show Phone

Listed By: Kathy Wagner · License #ND 6162

Source: Crexi

Added: Apr 10 Changed: Aug 30 Last Checked: Aug 30 at 1:06AM

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Investment Insights

Based on property information with market context.

This flex-space property includes 2,250 square feet of warehouse area and an upper 750-square-foot mezzanine used for storage. Office and bathroom space is planned for build-out, with a 750-square-foot allowance. Two 12-by-14-foot overhead doors have garage-door openers, although no remote is included. Twelve parking spaces are provided.

The property is located at 1307 Grumman Lane in Bismarck, North Dakota. Lease terms include a minimum three-year term, with the tenant responsible for its share of taxes, specials, utilities, and snow removal.

Key Highlights

• 2,250‑square‑foot warehouse area
• Upper 750‑square‑foot mezzanine/storage area
• Office and bathroom build‑out with a 750‑square‑foot allowance

Property Analytics

Current Use

Flex space

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Well-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial layout combines warehouse capacity with planned office and bathroom build-out.

Where is this flex space located?

The property is located at 1307 Grumman Lane # C & D Bismarck, ND.

What are key features of this property?

This property features: 2,250‑square‑foot warehouse area; Upper 750‑square‑foot mezzanine/storage area; Office and bathroom build‑out with a 750‑square‑foot allowance