Property summary
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
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice Spa & Massage Center
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Community Health Centre
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Alternative Medicine Practice Spa & Massage Center
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Gym & Fitness Center Alternative Medicine Practice
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Alternative Medicine Practice Spa & Massage Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CG · Bismarck, ND14-04-12. 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CG in Bismarck, ND.
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