1003 E Interstate Ave Bismarck, ND 58503

Property Details for 1003 E Interstate Ave

Year built

1974

Lot size

0.91 lot acres

Property size

12,500 SF

Zone code

CG

Property type

Retail space

APN

0630-001-010

APU

630001010

Description

This exceptional investment opportunity presents a fully occupied, multi-tenant retail storefront building situated at 1003 E Interstate Ave, Bismarck, North Dakota, 58503. The 12,500 square foot property, built in 1974, boasts seven individual units ranging in size from 400 to 3,187 square feet, currently generating a strong net operating income (NOI) of $75,018, representing a 5.61% cap rate. The asking price is $1,275,000, or $102 per square foot. The property is classified as Class B and features a modified gross lease structure. Located in a prime location near I-94, the building benefits from high visibility and ample parking. Each unit is separately metered, and the property includes storefront and pylon signage, as well as common area bathrooms. The property sits on a substantial 3.96-acre lot (APN: 0630-001-010) and is zoned CG. The 2023 property taxes totaled $16,790.84, with special installments of $1,075.26 and a balance of $1,952. This professionally managed property offers significant upside potential for long-term ownership, with a strong cash flow and a desirable North Dakota location. All showings require pre-scheduling and approval. Contact for details.

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Longitude

-100.777

Latitude

46.8323

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments