118 3rd St Bismarck, ND 58504-5584
- Bars
- 11,275 SF
- 2.19 lot acres
Current Use by Public Records
- Leingang Home Center / Building Materials Store
Property Details for 118 3rd St
- Year built
- 1898
- Lot size
- 2.19 lot acres
- Property size
- 11,275 SF
- Zone code
- DC
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 0001-005-001
- APU
- 1005001
Description
This exceptional mixed-use property, located at 118 S 3rd Street in Bismarck, North Dakota, presents a unique investment opportunity. The 95,388 square foot lot, zoned DC - CORE ZONING DISTRICT, offers over two acres of land for redevelopment. Currently featuring a 11,275 square foot, two-story building formerly used as a bar and restaurant, the property boasts significant potential for various development projects. The asking price is $2,790,000, translating to $247.45 per square foot. Built in 1898, the existing structure provides a solid foundation for adaptive reuse or demolition to make way for new construction. The Downtown Core Zoning District encourages mixed-use development, enhancing the pedestrian-oriented nature of Bismarck's city center. Possible development options include multi-family housing, entertainment venues, office spaces, retail establishments, community services, or green spaces. This property's central location and flexible zoning make it an ideal investment for developers seeking a high-impact project in a thriving downtown area. The property's rich history and prime location combine to create a truly unique opportunity in the heart of Bismarck.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bismarck
- County
- Burleigh
- State
- North Dakota
- Longitude
- -100.789
- Latitude
- 46.8045
- CBSA code
- 13900
- CBSA name
- BISMARCK, ND METROPOLITAN STATISTICAL AREA
