Historic Commercial Building For
For Sale
$1,750,000
200 W Main Ave, Bismarck, ND 58501
Three-story commercial building with updated finishes and abundant natural light.
Property Size38,584 SF
Price / SF$135.43
Days on Market219
Property Features for 200 W Main Ave
General Information
Standard status
Active
Size
38,584 SF
Property subtype
Retail
Zoning
DT
Building Details
Building Size
38,584 SF
Year Built
1911
Listed By:
Brett Bina, Commercial REALTOR · License ##10592
(701) 527-9101
Source:
Thecragroup
Added: Mar 26
Changed: Oct 26
Last Checked: Oct 30 at 11:35AM
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 Brett Bina, Commercial REALTOR
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Investment Insights
Based on property information with market context.
This historic three-story commercial building is available for sale in Downtown Bismarck. The property features updated and modern finishes. A new roof has been installed. Large windows provide abundant natural light throughout the space. The building's total size is 12,922 square feet.
Key Highlights
- Historic commercial building in downtown Bismarck
- Updated & modern finishes
- New roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,012
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,940,240
$1.9M
Cap Rate 7%
$1,385,886
$1.4M
Cap Rate 9%
$1,077,911
$1.1M
Market Conditions
NOI Build-Up for 12,922 SF
Gross rent
$170.6K $13.20/SF
− Vacancy
−$15.4K −$1.19/SF
EGI
$155.2K $12.01/SF
− OpEx
−$58.2K −$4.50/SF
NOI
$97.0K $7.51/SF
Area
Burleigh County, ND
Vacancy
9.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,940,240
Cap Rate 7%
$1,385,886
Cap Rate 9%
$1,077,911
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $167,832 @ 7.0% cap · market cap 9.59%
Second Best
Retail
$2.39M
$2.09M – $2.78M
NOI $167,042 @ 7.0% cap · market cap 9.55%
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,251 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,762
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story commercial building with updated finishes and abundant natural light.
Where is this mixed-use property located?
The property is located at 200 W Main Ave Bismarck, ND.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Historic commercial building in downtown Bismarck; Updated & modern finishes; New roof
