Property profile

1922 E Broadway Ave Bismarck, ND 58501

FOR SALE
Drive through restaurants
Property ID
US56-0540939
958 SF 0.43 ac lot Built 1972
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 1,578-square-foot restaurant in Bismarck, North Dakota, presents a compelling investment opportunity at $415,000. Situated on a spacious 18,914-square-foot lot, this single-unit property, built in 1972 and renovated in 1995, features a convenient drive-thru. The building includes a 958-square-foot main footprint, supplemented by 260 square feet of storage and cooler space, and a 360-square-foot basement. Key features include two 10' x 8' walk-in coolers/freezers, a grease hood and condensation hood, three-compartment and handwashing sinks, exhaust fans, make-up air units, and two rooftop HVAC units. A small dining area with seating for 31 is included, along with a restroom and a 12' x 30' basement containing a bathroom, grease trap, and reverse osmosis water purifier. The property boasts a fire suppression system, a security system, two 250-amp electrical panels, and three 240v outlets in the kitchen. A pylon sign, menu board, and drive-thru technology are also included. The 2023 property taxes were $4,350.72, with a zero special assessment balance. This well-equipped restaurant is ready for immediate operation.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1972
Total area 958 SF
Lot 0.43 ac (18,700 SF)
Zoning code CG
APN 0105-018-010
UPID US56-0540939

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

1922 E Broadway Ave Bismarck, ND 58501
Bismarck metro Census 10200 BISMARCK, ND METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2025
Last sale
$375,000
1 recorded transaction
2025
$375,000

Zoning & alternative use

CG · Bismarck, ND
Zoning description

14-04-12. CG Commercial District . In any CG commercial district , the following regulations shall apply: 1. General description. The CG commercial district is a heavy commercial area located outside the central business…

General category COMMERCIAL

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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