2700 State St Bismarck, ND 58503-0669
Gateway Mall, located at 2700 State St, Bismarck, ND 58501, presents a unique investment opportunity. This single-story, 355,745 square foot shopping center, built in 1978, sits on a substantial 1,114,736 square foot lot. The property is zoned CG - Commercial and offers multiple tenancy options, ideal for a variety of businesses. Its prime location in the heart of Bismarck ensures high visibility and accessibility for potential customers. The building's versatile layout accommodates a range of uses, including medical, restaurant, and office spaces, in addition to traditional retail. This established center provides a ready-made platform for businesses seeking a strong presence in a thriving North Dakota market. The property's size and established infrastructure offer significant potential for growth and expansion. With its convenient location and diverse tenancy possibilities, Gateway Mall represents a compelling investment opportunity for businesses seeking a prominent location in Bismarck. The property's single-building design simplifies management and maintenance, while its substantial lot size offers ample parking and potential for future development. This is a chance to establish or expand your business in a well-established and highly visible retail center.
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Classic Design By Ille Home Decor Store (Bike/Boat/Book/etc) Store
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Gateway Records (Bike/Boat/Book/etc) Store
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North Star Auction & Appraisal Trade Show Venue (Bike/Boat/Book/etc) Store
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Nicole A Olson, PT Physician
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Jay R Steckler, MPT, PT Physician
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 district to provide commerce and service to the City of Bismarck and surrounding regional market. The CG commercial district is established…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property 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 district to provide commerce and service to the City of Bismarck and surrounding regional market. The CG commercial district is established to promote the general purpose of this article, the specific intent of this section is: a. To encourage the continued expansion of the commercial facilities within the city without creating increased vehicular congestion in the existing central business district. b. To provide an orderly and comprehensive expansion of commercial services within the city. c. To prevent commercial encroachment on existing residential districts. d. To encourage the development of a conveniently arranged district offering a broad range of commercial and professional services in a relaxed atmosphere and in an area where adequate off-street parking will be provided. 2. Uses permitted. The following uses are permitted: a. A single- or two -family dwelling when used in conjunction with a commercial use. b. Multifamily dwelling. c. Group dwelling. d. Multifamily high rise. e. Hotel-motel. f. Retail group A. g. Service group A. h. Office-bank group. i. Retail group B. j. Service group B. k. Commercial recreation group. Title 14 & 14.1 198 l. Wholesale group. m. Health-medical group. n. Education group. o. Public recreation group. p. Railroad or bus passenger station. q. Commercial greenhouse. r. Commercial parking lot. s. Religious institution. t. Microbrew pub. u. Domestic distillery. v. Animal services, non-veterinary - class 1. The following uses are allowed as special uses pursuant to Section 14- 03-08 hereof: a. Temporary Christmas tree sales. b. Temporary religious meetings. c. Temporary farm and garden produce sales. d. Seasonal nursery and bedding stock sales. e. Filling station. f. Drive-in retail or service establishment. g. Child care center. h. Veterinary services - small animals. i. Golf driving range. j. Auto laundry - car wash. k. Retail liquor sales. l. Animal services, non-veterinary - class 2 (administrative). Title 14 & 14.1 199 3. Lot area. Any permitted principal building or structure, together with its accessory buildings shall be located on a lot having an area of not less than seven thousand (7,000) square feet. Provided, however, that such building and accessory buildings may be located on a lot containing not less than five thousand (5,000) square feet if such lot is on a plat recorded prior to 1953.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
