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    Property profile & analytics

    204 Main Ave Bismarck, ND 58501

    • Retail space
    • 2,359 SF
    • 0.07 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $395,000
    Last Sale
    May 11, 2020
    $350,000
    Location Intelligence
    Property ID
    US56-0356620
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 204 Main Ave

    Year built
    1890
    Lot size
    0.07 lot acres
    Property size
    2,359 SF
    Zone code
    DC
    Property type
    Retail space
    APN
    0001-052-050
    APU
    1052050

    Description

    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 windows provide excellent natural light and prominent visibility for attracting customers. The property also boasts excellent signage opportunities, allowing for effective brand promotion. A full basement provides ample storage space or the potential for expansion. The building does not include elevators. This prime location on Main Avenue offers high foot traffic and easy access for customers and employees. The property is ready for immediate occupancy, presenting a unique opportunity for businesses seeking a vibrant and accessible downtown location in Bismarck, ND, zip code 58501.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $445,000

    • CAP approach

      CAP return
      Estimation
      6%
      $325,000
      6.5%
      $320,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $320,000
      Mixed-Use
      $280,000
      Hospitality
      $320,000
      Educational
      $335,000
      Residential Income
      $340,000
      Energy
      $275,000
      Income-Based Land
      $290,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Burleigh
    State
    North Dakota
    Longitude
    -100.789
    Latitude
    46.8058
    CBSA code
    13900
    CBSA name
    BISMARCK, ND METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,290
    $27,250
    $87,350
    $114,600
    -
    $54,500
    $174,700
    $229,200

    Comparable in this City

    • Value Estimation
      $330,000
      3,683 SF

      119 4th St

      RETAIL STORES (PERSONAL SERVICES) • 3,683 SF
      119 4th St, Bismarck, ND 58501-4002
      View Details
    • Value Estimation
      $430,000
      5,523 SF

      120 5th St

      RETAIL STORES (PERSONAL SERVICES) • 5,523 SF
      120 5th St, Bismarck, ND 58501-4025
      View Details
    • Value Estimation
      $550,000
      5,900 SF

      116 5th St

      RETAIL STORES (PERSONAL SERVICES) • 5,900 SF
      116 5th St, Bismarck, ND 58501-4041
      View Details
    • Value Estimation
      $425,000
      8,000 SF

      208 Main Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      208 Main Ave, Bismarck, ND 58501-4162
      View Details
    • Value Estimation
      $430,000
      3,500 SF

      234 Broadway Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      234 Broadway Ave, Bismarck, ND 58501-3736
      View Details
    • Value Estimation
      $650,000
      12,960 SF

      2005 Channel Dr

      RETAIL STORES (PERSONAL SERVICES) • 12,960 SF
      2005 Channel Dr, Bismarck, ND 58501-7764
      View Details

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    Similar Nearby for Lease

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    204 Main Ave
    Bismarck, ND 58501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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