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    510 Main Ave Bismarck, ND 58501

    For Sale
    $4,950,000

    Downtown Bismarck, 8-unit building

    Property size:
    29,064 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 29,064 square foot mixed-use property, located at 510 E Main Ave in Bismarck, North Dakota, presents a compelling investment opportunity. Built in 2012, this four-story building features eight units across a variety of uses, including creative office space, a restaurant, and storefront retail. The property sits on a 9,750 square foot lot in the DC - CORE ZONING DISTRICT, benefiting from high visibility and pedestrian traffic on a major thoroughfare with 14,500 vehicles per day (2016 data). Current tenants include a menswear shop, Indian restaurant, aesthetic clinic, office space, cocktail bar, casino and gaming lounge, and a unique rooftop patio bar with a retractable roof. The building's prime downtown location offers easy access to a wide array of amenities, including restaurants, entertainment, shopping, and professional services. Its proximity to the city-owned Parkade Parking Ramp further enhances its appeal. This is an ideal opportunity for owner-users or investors seeking a stable, cash-flowing asset in a vibrant and growing downtown area. The property offers a dynamic tenant mix and significant leasing potential within Bismarck's central business, finance, government, arts, and cultural district.

    Property Features for 510 Main Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    29,064 SF

    Building Details

    Year Built
    2012
    Buildings
    1
    Stories
    4
    Units
    8

    HighLights

    • Prime downtown Bismarck commercial investment or owner‑occupant opportunity.
    • Four‑story brick building with diverse, stable tenancy and strong leasing potential.
    • Centrally located in Bismarck's business, financial, and cultural district.
    • Direct access to the city‑owned Parkade parking ramp.
    • Excellent Gulch Block location near restaurants, entertainment, shopping, and services.
    • High‑visibility Main Avenue frontage with significant pedestrian and vehicular traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    India clay oven ... Indian Restaurant Red Eye Casino Bar Greater North Dakota ... Chamber Of Commerce Beauty Renew LLC Beauty Salon LÜFT Rooftop Bar Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.7840823
    Latitude
    46.8055895

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Bismarck, 8-unit building
    Where is this individual retail property located?
    The property is located at 510 Main Ave Bismarck, ND.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: Prime downtown Bismarck commercial investment or owner-occupant opportunity.; Four-story brick building with diverse, stable tenancy and strong leasing potential.; Centrally located in Bismarck's business, financial, and cultural district.
    Request Owner's contact information
    510 Main Ave 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
    510 Main Ave Bismarck, ND 58501
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