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    OFF-MARKET
    Medical Office Space

    216 14th St, Bismarck, ND 58501-4624

    1,803 SF 0.16 ac lot Built 1927
    Entity Owned 9-yr Hold
    Property ID
    US56-0656455
    Property summary
    AI-generated overview

    This exceptional 2,886 square foot property located at 216 N 14th Street, Bismarck, North Dakota, presents a unique investment opportunity. Situated on a 0.16-acre lot, this turnkey wellness center has served as a thriving hub for holistic wellness for nearly a decade. The building is meticulously designed to cater to the needs of the wellness and/or medical community, offering a move-in ready solution complete with specialized float therapy suites, individual offices, and significant potential for expansion. Each room is thoughtfully designed to maximize focus and healing. The float therapy suites feature over 1,200 pounds of Epsom salt per pool, state-of-the-art temperature controls, and soundproofed private rooms, ensuring the highest level of comfort and care. A basement area provides additional space, suitable for owner occupancy or rental, generating further income streams. City-approved expansion plans are in place, allowing for seamless growth and adaptation to evolving market demands. The existing infrastructure is robust, minimizing upfront investment and allowing the new owner to concentrate on service expansion and client acquisition. The property is priced at $600,000 and includes an assumable loan with a 4.6% interest rate, representing a compelling financial advantage. This is an exceptional opportunity for a visionary leader to acquire a well-established, high-quality wellness center with significant upside potential.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1927
    Construction FRAME
    Total area 1,803 SF
    Lot 0.16 ac (7,000 SF)
    Zoning code CG
    APN 0010-011-005
    UPID US56-0656455
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bismarck Alternative Medicine Practice Spa & Massage Center
    • NorthStar Co-Working Wellness Offices Community Health Centre
    • Ian Boyd LMT - Pain Relief Alternative Medicine Practice Spa & Massage Center
    • DRiFT Gym & Fitness Center Alternative Medicine Practice
    • KayLynn's Therapeutic Pathways Alternative Medicine Practice Spa & Massage Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Crystal Investments LLC · 9 yrs held
    Crystal Investments LLC
    since 2016
    1 recorded transaction
    2016
    $165,000
    Zoning & alternative use
    CG · Bismarck, ND
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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