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    418 Broadway Ave Bismarck, ND 58501

    Sponsored
    For Sale
    $1,900,000

    Downtown Bismarck Office Building - Value-Add Opportunity

    Property size:
    26,936 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a two-story, 26,936 square foot Class B office building located in the heart of downtown Bismarck, North Dakota. The property, known as City Center Plaza, is situated at 418 E Broadway Ave, offering a prime location with high visibility and convenient access to amenities. Built in 1956, this building boasts a secure environment with an elevator and multiple restrooms on both floors. A common conference room on the second floor adds to its functionality. The property sits on a 14,000 square foot lot (Parcel ID: 0001-066-020, Block 66, Lots 9-12, Original Plat) and is zoned for Downtown Core use (DC). Its strategic location places it directly across from a city parking ramp and within walking distance of numerous restaurants, bars, shops, and services. Furthermore, it enjoys easy access to the Bismarck Event Center, Kirkwood Mall, and Bismarck Airport. This value-add opportunity is priced at $1,900,000 ($70.54/sq ft) and presents significant potential for various uses, including professional services, medical offices, financial centers, legal offices, accounting firms, government offices, engineering firms, association headquarters, energy industry businesses, and more. The 2023 property taxes totaled $31,422.55, with a special assessment balance of $17,179.29 ($2,767.77 annual installment). This property is also eligible for Opportunity Zone benefits. All interested parties are encouraged to conduct their own due diligence.

    Property Features for 418 Broadway Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    26,936 SF
    Class
    B

    Building Details

    Year Built
    1956
    Buildings
    1
    Stories
    2

    HighLights

    • 26,936 SF Class B office building in downtown Bismarck, ND.
    • Prime location at 418 E Broadway Ave with high visibility and convenient access to amenities.
    • Situated on a 14,000 SF lot (Parcel ID: 0001‑066‑020, Block 66, Lots 9‑12), zoned Downtown Core (DC).
    • Across from a city parking ramp, walking distance to restaurants, bars, shops, and services; easy access to the Bismarck Event Center, Kirkwood Mall, and Bismarck Airport.
    • Opportunity Zone eligible; priced at $1,900,000 ($70.54/SF); 2023 property taxes: $31,422.55; special assessment balance: $17,179.29 ($2,767.77 annual installment).
    Property Profile Location Intelligence

    Current Use by Public Records

    Robert D. Nordstrom, ... Optometrist Kyle Vorachek Social Worker Eckert Darnell M Doctor Center Counseling Mental Health Service Prevent Child Abuse Social Services Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.7850703
    Latitude
    46.8067263

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Bismarck Office Building - Value-Add Opportunity
    Where is this office property / space located?
    The property is located at 418 Broadway Ave Bismarck, ND.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 26,936 SF Class B office building in downtown Bismarck, ND.; Prime location at 418 E Broadway Ave with high visibility and convenient access to amenities.; Situated on a 14,000 SF lot (Parcel ID: 0001-066-020, Block 66, Lots 9-12), zoned Downtown Core (DC).
    (701) 223-8488
    Request Owner's contact information
    418 Broadway Ave Bismarck, ND 58501
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    Bismarck, ND 58501
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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
    418 Broadway Ave Bismarck, ND 58501
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