Victorian Mixed-Use
For Sale
Contact for pricing
613 N 3rd Street, Bismarck, ND 58501
Commercial space, an upper-level apartment, and a loft provide distinct areas for business and residential use.
Property Size3,222 SF
Price / SF$0.01
Days on Market352
Property Features for 613 N 3rd Street
General Information
Standard status
Active
Size
3,222 SF
Property subtype
Commercial
Zoning
DC Core
Building Details
Year Built
1889
Buildings
1
Construction
Victorian
Listing Agency:
eXp Realty
(833) 471-3629
Listed By:
Frankie Sue Pierson
(701) 934-4019
Source:
Gabrielblackre
Added: Nov 14, 2025
Changed: Oct 31
Last Checked: Oct 31 at 2:17PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Built in 1889, this Victorian property combines a commercial level with residential and flexible upper-floor space. The main floor offers an open layout, while the basement contains a break room, two laundry rooms, and storage. Above, a one-bedroom, one-bathroom apartment includes a kitchen and living room; the third-level loft has a half bath and an additional room. The property is within the DC Core zoning district at 613 N 3rd Street in Bismarck.
A roof replacement, a full-property repaint, and quarterly professional service for the heating and air-conditioning systems are among the reported updates. Private off-street parking serves the property. The exterior layout also allows for a potential wrap-around deck, while drive-through use is identified as a possibility.
A roof replacement, a full-property repaint, and quarterly professional service for the heating and air-conditioning systems are among the reported updates. Private off-street parking serves the property. The exterior layout also allows for a potential wrap-around deck, while drive-through use is identified as a possibility.
Key Highlights
- Victorian building constructed in 1889
- 3,222‑square‑foot property size recorded; building area is also described as 3,817 sq ft, so figures conflict
- DC Core zoning district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,189
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,780
$483.8K
Cap Rate 7%
$345,557
$345.6K
Cap Rate 9%
$268,767
$268.8K
Market Conditions
NOI Build-Up for 3,222 SF
Gross rent
$42.5K $13.20/SF
− Vacancy
−$3.8K −$1.19/SF
EGI
$38.7K $12.01/SF
− OpEx
−$14.5K −$4.50/SF
NOI
$24.2K $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%
$483,780
Cap Rate 7%
$345,557
Cap Rate 9%
$268,767
Alternative Uses
Best Use
Retail
$595.0K
$520.6K – $694.2K
NOI $41,651 @ 7.0% cap · market cap 219,215.79%
Second Best
Mixed Use
$345.6K
$302.4K – $403.2K
NOI $24,189 @ 7.0% cap · market cap 127,310.53%
Theoretical Best
Office A
$766.7K
$670.9K – $894.5K
NOI $53,671 @ 7.0% cap · market cap 282,478.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,155
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space, an upper-level apartment, and a loft provide distinct areas for business and residential use.
Where is this mixed-use property located?
The property is located at 613 N 3rd Street Bismarck, ND.
What are key features of this property?
This property features: Victorian building constructed in 1889; 3,222‑square‑foot property size recorded; building area is also described as 3,817 sq ft, so figures conflict; DC Core zoning district
