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Property profile

204 E Main Ave Bismarck, ND 58501

FOR SALE
Retail space
Property ID
US56-0356620
2,359 SF 0.07 ac lot Built 1890
Last sale May 2020 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 2,357 square foot commercial property is situated at 204 E Main Avenue in the heart of downtown Bismarck, North Dakota. Currently vacant, this single-tenancy space offers unparalleled flexibility for a variety of businesses. The property type is classified as Retail, Office, and Restaurant, making it suitable for a wide range of uses. Its professional subtype suggests a sophisticated and modern interior, ideal for businesses seeking a high-quality image. Large storefront…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$115k
Assessed land$27k
Assessed improvement$87k
Effective rate2.87%

Value estimate

· Nov 2026
$445k
$401k – $490k
AI approach$415k
NOI build-up
Gross scheduled income$45k
Vacancy & credit loss−$1k
Operating expenses−$13k
NOI · 7.62% cap applied$30k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$147/SF
Submarket average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$113 – $191
Qualifying comparables3

Cap rate analysis

How does the asset earn?
7.62%
$30k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DC
The purpose of the Downtown Core District is to preserve and enhance the mixed-use, pedestrian-oriented nature of the City downtown area
General categoryMIXED_USE
JurisdictionBURLEIGH

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop22.6
HVAC Service17.4
Storage Facility16.4

Location

204 E Main Ave Bismarck, ND 58501
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
303 4th, Bismarck, ND 58501-4020 $980,000 Feb 2026 3,862 SF
223 18th, Bismarck, ND 58501-4741 $450,000 May 2024 4,095 SF
515 Main, Bismarck, ND 58501-4428 $490,000 May 2024 4,326 SF
1914 12th, Bismarck, ND 58501-1904 $350,000 Feb 2024 2,560 SF
820 Broadway, Bismarck, ND 58501-4455 $195,000 Mar 2023 1,500 SF
1304 Interchange, Bismarck, ND 58501-2075 $2,110,000 Sep 2021 3,472 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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