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    505 Main Ave Bismarck, ND 58501

    For Lease
    $18 SF/Yr

    Prime 3,812 SF Office, High Visibility

    Lot size:
    3,812 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Bismarck, ND office building at 505 E Main Ave offers 3,812 rentable square feet (3,434 usable square feet) of traditional office space. The property boasts ten private offices, a spacious lobby, multiple conference rooms, a dedicated copier/mail room, ample storage, a large break room with kitchen facilities, a media room, and multi-stall restrooms. Enjoy spectacular views from every office, benefiting from high visibility at the corner of Main Ave and 5th St, with convenient front door parking in private lots. Additional amenities include basement storage and a parking attendant. The building is situated in a prime downtown East Main Ave location, experiencing a daily traffic count of 14,545 vehicles. Lease rates are $18 per square foot in year one, increasing to $19 in year two and $20 in year three. Tenants are responsible for electricity only.

    Property Features for 505 Main Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,812 SF

    Unit(s) available at that property

    Space
    Size
    3,812 SF
    Rate per SF
    $18

    HighLights

    • 10 Private Offices
    • Lobby, Conference Rooms, and Storage Rooms
    • Copy/IT/Work Room/Break Room with Kitchenette
    • High‑end finishes with brick and glass block accents
    • Multiple building entrances
    • Excellent signage opportunities
    Property Profile Location Intelligence

    Current Use by Public Records

    Travis Alexander Dahl ... Financial Planner Cory McLindsay Real Estate Agent Nicole DeKrey Real ... Real Estate Agent Venture Real Estate Real Estate Agency HTG Architects Architect

    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
    -100.78397978875
    Latitude
    46.805153716599

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    FAQs

    What type of property is this?
    Office Property / Space - Prime 3,812 SF Office, High Visibility
    Where is this office property / space located?
    The property is located at 505 Main Ave Bismarck, ND.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 10 Private Offices; Lobby, Conference Rooms, and Storage Rooms; Copy/IT/Work Room/Break Room with Kitchenette
    Request Owner's contact information
    505 Main 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
    505 Main Ave Bismarck, ND 58501
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