Property profile

510 E Main Ave Bismarck, ND 58501

FOR SALE
Retail space
Property ID
US56-0428639
29,064 SF 0.22 ac lot Built 2012
Entity Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional four-story building, constructed in 2012, offers 29,064 square feet of versatile office and retail space in the vibrant Downtown Bismarck submarket. Located at 510 E Main Avenue, Bismarck, ND 58501, this property boasts a coveted location within the Gulch Block, benefiting from excellent visibility and accessibility. The building's zoning is DC - Downtown Core, reflecting its prime position in the city center. The space is available for multiple tenants, providing flexibility for various business needs. Modern amenities include a single elevator for convenient access to all four floors. The building's architectural style caters to both creative office and traditional office users, making it an ideal choice for a diverse range of businesses. Its location in the heart of Downtown Bismarck ensures high foot traffic and proximity to numerous amenities, including restaurants, shops, and other businesses. This unique property presents a rare opportunity to establish a presence in one of Bismarck's most desirable commercial areas. The building's 2012 construction ensures modern infrastructure and efficient layouts, ready to accommodate a variety of business operations. Its central location and versatile space make it an attractive option for businesses seeking a prominent and functional location in the heart of Bismarck's thriving downtown. The building's design and location combine to create a highly desirable and productive work environment.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2012
Total area 29,064 SF
Lot 0.22 ac (9,750 SF)
Zoning code DC
APN 0001-046-015
UPID US56-0428639

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
  • Restaurant
  • Bar & Pub
  • Business Service Center Advocacy Group
  • Hair Salon Nail Salon
  • Bar & Pub

Location

510 E Main Ave Bismarck, ND 58501
Bismarck metro Census 10100 BISMARCK, ND METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.78M
Comparable Approach Comparable
$5.01M
Blend (final) Blend
$885k

Owner & transaction history

since 2012
2 recorded transactions
2012
Price N/A
2007
Price N/A

Zoning & alternative use

DC · Bismarck, ND
Zoning description

commercial message. The following provisions must be met only in the DC - Downtown Core and DF - Downtown Fringe zoning districts: i. All Downtown Design Review procedures shall be followed for any installation of public…

General category MIXED_USE
Top alternative use upside
Commercial (general) $4.3M +1.3%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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