409 22nd St Bismarck, ND 58504-6104
- Commercial real estate
- 6,050 SF
- 0.42 lot acres
Apr 20, 2022
Current Use by Public Records
- Commercial real estate
Property Details for 409 22nd St
- Year built
- 1967
- Lot size
- 0.42 lot acres
- Property size
- 6,050 SF
- Zone code
- MA
- Property type
- Commercial real estate
- APN
- 0115-003-775
- APU
- 115003775
Description
This 8,050-square-foot warehouse, located at 409 S 22nd St in Bismarck, North Dakota, presents a compelling owner-user investment opportunity. Built in 1967, the property sits on a sizable 18,461-square-foot lot and is priced at $800,000, or $99.38 per square foot. The warehouse boasts excellent access, featuring two 11-foot-high and one 12-foot-high overhead doors, ideal for accommodating larger equipment. The front of the property is partially fenced and could be easily enclosed. A recent remodel (last year) enhanced the south side of the building, adding a fully equipped office with a bathroom and a loft area above. The shop bay area is well-appointed with floor drains, hot and cold water, a half-bath, and heating. Optional equipment includes a commercial air compressor and a two-post lift. This prime south Bismarck location offers exceptional potential for a variety of businesses. The property is situated in Burleigh County, North Dakota, zip code 58504. This is a rare opportunity to acquire a well-maintained and versatile warehouse in a desirable location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $755,000
- 6.5%
- $700,000
- 7%
- $650,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $472,000
Market price range: $473k - $1.41M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $950,000 Current use
- INDUSTRIAL (GENERAL)
- $915,000 Change: -3% Conversion: Moderate
- RETAIL STORES
- $890,000 Change: -6% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $835,000 Change: -12% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Bismarck
- County
- Burleigh
- State
- North Dakota
- Longitude
- -100.758
- Latitude
- 46.8011
- CBSA code
- 13900
- CBSA name
- BISMARCK, ND METROPOLITAN STATISTICAL AREA