Entity Owned Property summary
This exceptional Bismarck, ND property, located at 119 & 121 N 4th Street, presents a unique investment opportunity. The 10,183 square foot building, constructed in 1902, boasts a prime downtown location, offering both retail and creative office space across its two stories. Currently, one half of the main floor is occupied by a tenant, providing immediate income potential. The remaining main floor space and the entire second floor, a shell space ready for customization, offer significant upside. The property features three units within a single building, situated on a 3,500 square foot lot. Convenient alley access leads to a small private parking area. The building is zoned DC - CORE ZONING DISTRICT. Its proximity to thriving businesses like Hi Honey Salon, Brickhouse Bakery, KFYR Studio, and KLJ enhances its desirability. This is an ideal opportunity for an owner-occupier or investor seeking a versatile, high-traffic location in the heart of Bismarck. The asking price is $849,000.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
DC · Bismarck, NDcommercial 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DC in Bismarck, ND.
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