210 Main Ave Bismarck, ND 58501-3848
- Turn key restaurants
- 2,735 SF
- 0.07 lot acres
Oct 29, 2021
Current Use by Public Records
- Butterhorn / Bar & Pub
Property Details for 210 Main Ave
- Year built
- 1912
- Lot size
- 0.07 lot acres
- Property size
- 2,735 SF
- Zone code
- DC
- Property type
- Turn key restaurants
- APN
- 0001-052-040
- APU
- 1052040
Description
This exceptional investment opportunity presents a 2,735 square foot restaurant located at 210 E Main Ave in Bismarck, North Dakota. The property, built in 1912 and situated on a 3,250 square foot lot (APN: 0001-052-040), boasts a rich history and is currently 100% occupied by a well-established tenant since 2017. The building underwent a complete reconstruction in 2017, preserving its original tin ceiling and classic wood floors while incorporating modern amenities. The property features a triple net lease, ensuring a hassle-free ownership experience. The asking price is $715,000, representing a compelling $261.43 per square foot and a projected 7.00% capitalization rate. The building is zoned DC and includes alley access and two designated parking spaces. Recent improvements include a 2019 roof replacement and repairs. 2023 property taxes totaled $5,911.43, with special installments of $311.99 and a zero balance. This is a rare chance to acquire a piece of Bismarck's downtown legacy with a strong, established tenant. The property offers a secure and reliable investment for long-term growth.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $665,000
- ML approach
- $715,000
Get a detailed, property-specific valuation — fast and free
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
