Property profile

216 14th St Bismarck, ND 58501

OFF-MARKET
Medical Office Space
Property ID
US56-0656455
1,803 SF 0.16 ac lot Built 1927
Entity Owned 9-yr Hold
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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

Current use

Occupant on record · Public records
  • Alternative Medicine Practice Spa & Massage Center
  • Community Health Centre
  • Alternative Medicine Practice Spa & Massage Center
  • Gym & Fitness Center Alternative Medicine Practice
  • Alternative Medicine Practice Spa & Massage Center

Location

216 14th St Bismarck, ND 58501-4624
Bismarck metro Census 10200 BISMARCK, ND METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2016
1 recorded transaction
2016
$165,000

Zoning & alternative use

CG · Bismarck, ND
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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