204 Main AveBismarck, ND 58501

Property Details for 204 Main Ave

Year built

1890

Lot size

0.07 AC

Property size (Sq ft)

2,359 SF

Zone code

DC

Property type

Retail space

APN

0001-052-050

APU

1052050

Description

This exceptional 2,357 square foot commercial property is situated at 204 E Main Avenue in the heart of downtown Bismarck, North Dakota. Currently vacant, this single-tenancy space offers unparalleled flexibility for a variety of businesses. The property type is classified as Retail, Office, and Restaurant, making it suitable for a wide range of uses. Its professional subtype suggests a sophisticated and modern interior, ideal for businesses seeking a high-quality image. Large storefront windows provide excellent natural light and prominent visibility for attracting customers. The property also boasts excellent signage opportunities, allowing for effective brand promotion. A full basement provides ample storage space or the potential for expansion. The building does not include elevators. This prime location on Main Avenue offers high foot traffic and easy access for customers and employees. The property is ready for immediate occupancy, presenting a unique opportunity for businesses seeking a vibrant and accessible downtown location in Bismarck, ND, zip code 58501.

• CAP approach

  CAP return

  Valuation

  6%

  $542,356

  6.5%

  $500,636

  7%

  $464,877

• Comparable approach

  Method

  Valuation

  Relative Method

  $303,416

  Geo Method

  $303,416

• Alternative Use

  Use

  Valuation

  Residential

  $422,305

  Hospitality

  $386,830

  Educational

  $321,838

  Medical

  $332,906

  Retail

  $500,636

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Latitude

46.8058

Longitude

-100.789

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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