Property summary
This exceptional 1.58-acre commercial land parcel, located at 2220 4th Ave Northwest in Mandan, North Dakota, presents a unique investment opportunity. Priced at $550,598 ($8/SF), this property boasts prime visibility along I-94, a major retail and commercial corridor in a rapidly growing area of north Mandan. The site benefits from its immediate adjacency to the new $95 million Mandan High School, designed for approximately 1400 students and staff. This proximity offers significant synergy with the school and the nearby Starion Sports Complex, including a football field, track, and an under-construction indoor tennis facility. The area is experiencing substantial residential growth, with five new subdivisions planned, potentially adding 782 residential units. Existing infrastructure, including roadways and utilities, is included in the list price, minimizing or eliminating special assessments. While final property tax values and special assessments are pending, it's estimated that most will remain with the seller, with a projected cost of over $2.00/SF for any not assumed by the buyer. The lot size is 68,824 square feet and is zoned for commercial use. The property is owned by Mandan Public Schools and is currently under development as part of the new high school construction. Buyers have the option to purchase larger parcels as currently platted, or a lot split will be performed prior to sale to create the marketed lot. Nearby businesses include Walmart, a Subaru dealership, Mandan Middle School, and Marathon Petroleum. This is a rare opportunity to capitalize on the significant growth and development occurring in this thriving North Dakota community.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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Zoning
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