Property profile

110 3rd St Bismarck, ND 58501

OFF-MARKET
Office Spaces
Property ID
US56-0274876
2,500 SF 0.04 ac lot Built 1940
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,500 square foot executive office building is situated at 110 N 3rd Street in the heart of downtown Bismarck, North Dakota. Built in 1940, this three-story building offers a single-tenant occupancy opportunity, with the entire 2,500 square feet currently vacant. The property boasts a highly visible location at the intersection of Main and 3rd Street, ensuring significant traffic exposure and excellent branding potential. Its DC zoning provides flexibility for various professional uses. The building's address is 110 N 3rd St, Bismarck, ND 58501 (APN: 0001-052-015). Estimated net-net-net (NNN) operating costs are $925 per month. This presents a rare chance to acquire a well-positioned, standalone office building in a thriving downtown area. The property's size and location make it ideal for a variety of businesses seeking a prominent presence in Bismarck's central business district. The building's age offers character and charm, while its vacant status allows for immediate customization to suit a new tenant's specific needs. This is a unique opportunity to establish a strong foothold in a dynamic and growing market.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1940
Total area 2,500 SF
Lot 0.04 ac (1,875 SF)
Zoning code DC
APN 0001-052-015
UPID US56-0274876

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

110 3rd St Bismarck, ND 58501-3828
Bismarck metro Census 10100 BISMARCK, ND METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

Zoning & alternative use

DC · Bismarck, ND
Zoning description

commercial message. The following provisions must be met only in the DC - Downtown Core and DF - Downtown Fringe zoning districts: i. All Downtown Design Review procedures shall be followed for any installation of public…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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