Profitable Office Building on
For Sale
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4023 State Street, Bismarck, ND 58503
23,490 SF office building with high visibility.
Property Size23,490 SF
Lot Size1.23 Acres
Price / SF$83.01
Days on Market90
Property Features for 4023 State Street
General Information
Standard status
Active
Size
23,490 SF
Lot size
1.23 Acres
Property subtype
Office
Zoning
CG-Commercial
Investment Type
Stabilized
Building Details
Year Built
1971
Tenancy
Multi
Listing Agency:
Rise Property Brokers, Inc.
(701) 319-3000
Listed By:
George Yineman · License #ND 7535
Source:
Crexi
Added: May 14
Changed: Aug 8
Last Checked: Aug 8 at 7:12AM
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 Rise Property Brokers, Inc.
Investment Insights
Based on property information with market context.
This 23,490 square foot office building, constructed in 1971, represents a revenue-generating asset, producing an annual income of $208,944. The property features handicap accessibility and remodeled common areas. Long-term tenancy is in place, with potential for lease renewal upside. New HVAC equipment has been installed. Ample parking is available. The building benefits from high visibility, with 24,895 vehicles passing daily on State Street. The property is zoned CG-Commercial. The lot size is 53,603 square feet. The 2025 taxes are $24,755.61, with a specials balance of $5,130.14 and specials installments of $1,084.37. There is potential to increase rentable square footage and attract additional tenants. The property is located on State Street in Bismarck, North Dakota.
Key Highlights
- Substantial annual income of $208,944.
- High visibility with 24,895 daily vehicles on State Street.
- Priced to sell.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 58503, ND
37,157
Population
15,997
Households
2.3
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
135.6 sq mi
ZIP Area
274
Density / Sq Mi
$105,108
Median Household Income
$60,058
Median Earnings
$1,131
Median Rent
$383,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 23,490 SF office building with high visibility.
Where is this office building located?
The property is located at 4023 State Street Bismarck, ND.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Substantial annual income of $208,944.; High visibility with **24,895 daily vehicles** on State Street.; Priced to sell.
