Steel-Frame Storefront Retail
For Sale
Contact for pricing
1606 E Main Ave, Bismarck, ND 58501
Open-format commercial building with mezzanine access, storage, restrooms, and an overhead loading door.
Property Size8,158 SF
Lot Size0.46 Acres
Price / SF$196.13
Days on Market236
Property Features for 1606 E Main Ave
General Information
Standard status
Active
Size
8,158 SF
Lot size
0.46 Acres
Property subtype
RETAIL
Amenities
men's and women's restroom with shower
10'x12' overhead door
mezzanine
storage closets
built-in front desk reception
Building Details
Buildings
1
Construction
steel-frame
Listing Agency:
Aspen Group
(701) 223-2450
Listed By:
Michael Ilse · License #8214
(701) 400-7808
Source:
Moodyscre
Added: Feb 24
Changed: Oct 4
Last Checked: Oct 16 at 10:17AM
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 Aspen Group
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Investment Insights
Based on property information with market context.
This 8,158-square-foot steel-frame retail building occupies a 20,253-square-foot lot and provides an open interior arrangement for storefront or service-oriented operations. The building includes a built-in reception counter, multiple storage closets, men’s and women’s restrooms with a shower, and a mezzanine reached through two separate entrances. A 10’x12’ overhead door adds practical access for receiving and moving materials.
Positioned along Main Avenue, the property includes a large parking lot, visibility from the avenue, and available signage opportunities. The combination of open floor area, back-of-house storage, mezzanine space, and customer-facing reception infrastructure supports a range of retail and service configurations.
Positioned along Main Avenue, the property includes a large parking lot, visibility from the avenue, and available signage opportunities. The combination of open floor area, back-of-house storage, mezzanine space, and customer-facing reception infrastructure supports a range of retail and service configurations.
Key Highlights
- 8,158 SF steel‑frame retail building on a 20,253 SF lot
- 10’x12’ overhead door for receiving and material access
- Mezzanine with 2 separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,458
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,109,160
$2.1M
Cap Rate 7%
$1,506,543
$1.5M
Cap Rate 9%
$1,171,756
$1.2M
Market Conditions
NOI Build-Up for 8,158 SF
Gross rent
$154.7K $18.96/SF
− Vacancy
−$4.0K −$0.49/SF
EGI
$150.7K $18.47/SF
− OpEx
−$45.2K −$5.54/SF
NOI
$105.5K $12.93/SF
Area
Burleigh County, ND
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,109,160
Cap Rate 7%
$1,506,543
Cap Rate 9%
$1,171,756
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,458 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,894 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58501, ND
28,388
Population
13,445
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
95%
High-School Grad
22.8 sq mi
ZIP Area
1,245
Density / Sq Mi
$69,796
Median Household Income
$45,237
Median Earnings
$938
Median Rent
$276,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Open-format commercial building with mezzanine access, storage, restrooms, and an overhead loading door.
Where is this storefront property located?
The property is located at 1606 E Main Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 8,158 SF steel‑frame retail building on a 20,253 SF lot; 10’x12’ overhead door for receiving and material access; Mezzanine with 2 separate entrances
