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    5951 Ridgedale St Bismarck, ND 58503

    Sponsored
    For Sale
    $1,375,272

    Prime development land, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.631-acre commercial land parcel presents a unique investment opportunity in rapidly growing North Bismarck. Located at 5951 Ridgedale Street, this property boasts excellent visibility and high traffic counts, situated near Costco and with convenient access to Highway 83. The land is zoned for future city zoning CG, offering significant development potential. While currently requiring annexation into the city, this presents a chance to shape the future of this thriving area. City services are readily available via Elbowoods Lane. The asking price is $1,375,272, translating to $12 per square foot. A well is already situated on the property, adding further value and convenience. This large parcel offers unparalleled potential for a variety of commercial ventures, capitalizing on the strong growth and strategic location within Bismarck, North Dakota, zip code 58503. The property is located in Burleigh County. This is a rare opportunity to acquire a substantial land holding in a prime North Dakota location.

    Property Features for 5951 Ridgedale St

    General Information

    Property type
    Land
    Lot Size
    114,606 SF

    HighLights

    • Large land parcel adjacent to Costco.
    • High‑traffic location with excellent visibility, ideal for development.
    • Prominent Highway 83 frontage.
    • City services available via Elbowoods Lane.
    • Future CG zoning designation.
    • Requires annexation into the city.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.7713175
    Latitude
    46.8700987

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    FAQs

    What type of property is this?
    Land - Prime development land, high visibility.
    Where is this land located?
    The property is located at 5951 Ridgedale St Bismarck, ND.
    What is the asking price?
    The asking price for this property is $1,375,272.
    What are key features of this property?
    This property features: Large land parcel adjacent to Costco.; High-traffic location with excellent visibility, ideal for development.; Prominent Highway 83 frontage.
    Request Owner's contact information
    5951 Ridgedale St 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
    5951 Ridgedale St Bismarck, ND 58503
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