Financial
Distress signals
Property profile

204 E Main Ave Bismarck, ND 58501

FOR SALE
Retail space
Property ID
US56-0356620
2,359 SF 0.07 ac lot Built 1890
Last sale May 2020 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$115k
Assessed land$27k
Assessed improvement$87k
Effective rate2.87%

Value estimate

· Sep 2026
$445k
$401k – $490k
AI approach$415k
NOI build-up
Gross scheduled income$45k
Vacancy & credit loss−$1k
Operating expenses−$13k
NOI · 7.62% cap applied$30k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$147/SF
Submarket average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$113 – $191

Cap rate analysis

How does the asset earn?
7.62%
$30k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DC
The purpose of the Downtown Core District is to preserve and enhance the mixed-use, pedestrian-oriented nature of the City downtown area
General categoryMIXED_USE
JurisdictionBURLEIGH

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop22.6
HVAC Service17.4
Storage Facility16.4

Location

204 E Main Ave Bismarck, ND 58501
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
303 4th, Bismarck, ND 58501-4020 $980,000 Feb 2026 3,862 SF
223 18th, Bismarck, ND 58501-4741 $450,000 May 2024 4,095 SF
515 Main, Bismarck, ND 58501-4428 $490,000 May 2024 4,326 SF
1914 12th, Bismarck, ND 58501-1904 $350,000 Feb 2024 2,560 SF
820 Broadway, Bismarck, ND 58501-4455 $195,000 Mar 2023 1,500 SF
1304 Interchange, Bismarck, ND 58501-2075 $2,110,000 Sep 2021 3,472 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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