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    612 24Th St Mandan, ND 58554

    Sponsored
    For Sale
    $386,812

    Prime 1.11-acre commercial lot near new high school.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 48,351 square foot commercial land parcel is ideally situated adjacent to the new $95 million Mandan High School, designed for 1400 students and staff. Boasting premier visibility along I-94, a major retail and commercial corridor in rapidly growing north Mandan, this site offers efficient layouts and readily available utilities, minimizing special assessment costs. The property benefits from its proximity to numerous established businesses, including Walmart, Starion Sports Complex, and Subaru, as well as Mandan Middle School and Marathon Petroleum. The area is experiencing significant residential growth, with five new subdivisions planned, potentially adding 782 residential units. This location presents a unique opportunity to capitalize on the synergy created by the new high school and the surrounding community development. While currently under development alongside the high school construction, final property tax values and special assessments are pending. However, it's important to note that the seller will absorb most special assessments, with engineers estimating those not assumed by the buyer at over $2.00/SF. This listing features lots reduced in size from the existing plat

    Property Features for 612 24Th St

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mandan
    County
    Morton
    State
    North Dakota
    Longitude
    -100.89566756148
    Latitude
    46.843017780107

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    FAQs

    What type of property is this?
    Land - Prime 1.11-acre commercial lot near new high school.
    Where is this land located?
    The property is located at 612 24Th St Mandan, ND.
    What is the asking price?
    The asking price for this property is $386,812.
    Request Owner's contact information
    612 24Th St Mandan, ND 58554
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    Mandan, ND 58554
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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
    612 24Th St Mandan, ND 58554
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