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    US-83 Avenue Bismarck, ND 58503

    Sponsored
    For Sale
    $3,311,430

    12.67 Acres, High-Traffic Location, Heavy Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12.67-acre commercial land parcel, totaling 551,905 square feet, is strategically located at the high-visibility intersection of Highway 83 and 84th Ave NE in Bismarck, North Dakota, within Burleigh County. Priced at $6.00 per square foot, the total asking price is $3,311,430. The property boasts a Heavy Commercial (CG) zoning designation, providing immense flexibility for a wide array of commercial developments, including retail, hospitality, or mixed-use projects. Its prime corner location ensures exceptional visibility and accessibility, benefiting from high traffic counts and convenient access to major highways. The seller is willing to subdivide the lot to accommodate various development needs. Currently, there are no special assessments, and the 2023 property taxes totaled $30.52. This presents a unique opportunity for businesses seeking a prominent location in a rapidly growing area. The property's size, zoning, and location combine to offer significant development potential and a strong return on investment. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving North Dakota market. The zip code is 58503.

    Property Features for US-83 Avenue

    General Information

    Property type
    Land

    HighLights

    • 12.67‑acre (551,905 SF) commercial land parcel.
    • $6.00 per square foot; total price $3,311,430.
    • Heavy Commercial (CG) zoning.
    • Prime corner lot at Highway 83 & 84th Ave NE, Bismarck, ND (Burleigh County).
    • High visibility and traffic counts with excellent highway frontage.
    • Seller will subdivide to accommodate various development needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.77185736464
    Latitude
    46.897165452913

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    FAQs

    What type of property is this?
    Land - 12.67 Acres, High-Traffic Location, Heavy Commercial Zoning
    Where is this land located?
    The property is located at US-83 Avenue Bismarck, ND.
    What is the asking price?
    The asking price for this property is $3,311,430.
    What are key features of this property?
    This property features: 12.67-acre (551,905 SF) commercial land parcel.; $6.00 per square foot; total price $3,311,430.; Heavy Commercial (CG) zoning.
    Request Owner's contact information
    US-83 Avenue Bismarck, ND 58503
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    Bismarck, ND 58503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    US-83 Avenue Bismarck, ND 58503
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