1237 W Divide Ave - Medical FOR SALE


Bismarck, ND 58501- Downtown Bismarck
$11,995,000 USD
701-400-4445
1237 W Divide Ave, Bismarck, ND for Sale
$11,995,000 USD
Medical - FOR SALE
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1237 W Divide Ave
Bismarck, ND 58501
Downtown Bismarck


OVERVIEW

This flexible and accessible commercial building sits in a prime location at the intersection of I-94 and West Divide Avenue. The building is a recognizable landmark near Bismarck State College, the Highland Acres residential neighborhood, and the Bismarck Community Bowl. With its red iron construction and clear span design, this building offers a large space that can suit various purposes. The building also meets ADA standards, has fire sprinkler systems, and is presently leased to 96% capacity until the onset of summer in 2025. HIGHLIGHTS Clear span construction High visibility Existing lease agreements Several updates High traffic- corner of I-94 and West Divide Multiple Uses ADA compliant Abundant Parking Maintenance-free exterior Taxes (2024): $117,328.90 Specials- Installments: $8,554.52 / Balance: $48,902.26

FOR SALE DETAILS

PRICE

$11,995,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.91 AC

LAND SF

213,880 SF

ZONING

General Commercial

APN/PARCEL ID

0821-001-050

ASK ABOUT THIS PROPERTY

Jon LeeThe CRA GroupMore Info
701-400-4445

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Jon LeeThe CRA GroupMore Info
701-400-4445

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.