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    Property profile & analytics
    FOR SALE
    Strip malls

    424 S 3Rd St, Bismarck, ND 58504

    11,682 SF 0.85 ac lot Built 1998
    Individually Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US56-0462527
    424 S 3Rd St, Bismarck, ND 58504 For Sale
    $285,900 11,682 SF
    424 S 3Rd St, Bismarck, ND 58504
    View Listing →
    Property summary
    AI-generated overview

    This exceptional office space, located at 424 S 3rd Street in Bismarck, North Dakota, 58504, presents a fantastic opportunity for a single tenant. Situated within the Aspen Group LLP building, this traditional office space offers a range of convenient amenities. The property features multiple office spaces, ideal for businesses of varying sizes. Shared amenities include a welcoming guest reception area, providing a professional first impression for clients and visitors. A conference room is available for use by appointment, ensuring efficient scheduling and meeting management. Furthermore, tenants will benefit from access to a comfortable break room, enhancing employee convenience and fostering a positive work environment. The building's location at 424 S 3rd Street places it within easy reach of Bismarck's central business district, offering excellent accessibility and visibility. This single-tenancy arrangement provides privacy and control, making it an attractive option for businesses seeking a dedicated and functional workspace. The property's latitude and longitude coordinates are 46.8013441 and -100.7887179 respectively. This is a rare opportunity to secure a well-appointed office space in a desirable Bismarck location. Inquire today to learn more about this exceptional property and its potential to meet your business needs.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1998
    Total area 11,682 SF
    Lot 0.85 ac (37,174 SF)
    Zoning code CG
    APN 0640-003-010
    UPID US56-0462527
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Stinson LLP Law Firm
    • Rural Psychiatry Associates Medical Clinic
    • Aspen Group LLP Commercial Real Estate Real Estate Agency
    • Edward Jones - Financial Advisor: Joshua J Wiens Financial Advisor
    • Escape On Third Salon Hair Salon Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.61M
    Blend (final) Blend
    $1.33M
    Owner & transaction history
    Michael T Schmitz · 12 yrs held
    Michael T Schmitz
    since 2013
    1 recorded transaction
    2013
    Zoning & alternative use
    CG · Bismarck, ND
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.8M +14.0%
    Industrial (general) $1.8M +10.1%
    Retail stores $1.7M +6.7%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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