2625 State St Bismarck, ND 58503
This exceptional commercial property, a former Kmart shopping center, presents a unique investment opportunity in Bismarck, North Dakota. Located at 2625 State St, this 107,375 square foot building sits on an expansive 11.48-acre lot, offering significant potential for redevelopment or repurposing. The property boasts a prime location with convenient access to Interstate Ave, ensuring high visibility and accessibility for businesses. Built in 1971, the single-building structure is zoned CG - Commercial, allowing for a wide range of commercial uses. The property's multiple tenancy configuration provides flexibility for various business models. This substantial property is ideal for developers seeking a large-scale project or established businesses looking for a prominent location in a thriving market. The property's size and location in Burleigh County, Bismarck, ND (zip code 58503) make it an attractive option for a variety of commercial ventures. The property's history as a successful retail center provides a solid foundation for future success. Detailed information and lease terms are available upon request. This is a rare opportunity to acquire a significant commercial property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.