112 24th St Bismarck, ND 58501-4924
This exceptional 4,800 square foot executive office building, located at 112 S 24th Street in Bismarck, North Dakota, is offered at $975,000 ($203.12/sq ft). Built in 1963, this single-story building sits on a 15,000 square foot lot and is zoned MA - Light Industrial. Previously used as a bank, the property boasts a spacious open reception/teller area, perfect for client interaction. Ten private offices provide ample space for individual work or team collaboration. A dedicated conference room facilitates meetings and presentations. The property also includes a large kitchen, ideal for staff break rooms or entertaining clients. Additional features include separate men's and women's restrooms (two total), a storage room, an IT room, and a large office/supply room. Ample parking is available with a large parking lot and off-street parking options. This well-maintained property presents a unique opportunity for businesses seeking a prominent location and versatile office space in Bismarck's thriving commercial district, just south of Main Avenue. The building's layout and features offer significant flexibility for a variety of executive office uses.
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Railway Credit Union Credit Union
z. Data Center. A data center may be permitted in any MA district as a special use or any MB district as an administrative special use provided: 1. All data processing and storage is contained within a building constructed in compliance with the International Building Code and International Fire Code. 2. Written verification is submitted from the utility pro…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MA · Bismarck, NDz. Data Center. A data center may be permitted in any MA district as a special use or any MB district as an administrative special use provided: 1. All data processing and storage is contained within a building constructed in compliance with the International Building Code and International Fire Code. 2. Written verification is submitted from the utility provider that sufficient capacity will be available to meet anticipated needs for electrical power. 3. Facilities are equipped with environmental controls to maintain the proper conditions for the operation of electronic equipment. 4. The applicant verifies at the time of application that all requirements of Chapter 8-10 (Noises) of the Bismarck Code of Ordinances will be met during operations, as measured from the property line of the subject parcel. Verification may be in the form of a noise study, manufacturer specifications, data from comparable facilities, or any combination thereof. aa. Agriculture Recreation, Major. Agriculture Recreation, Major may be permitted in any A - Agricultural district as a special use provided: 1. The use is ancillary to the primary agricultural use. 2. The lot in which the use is located is at least thirty -five (35) acres in area. 3. The lot in which the use is located is outside the Urban Service
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
