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1237 W Divide Ave 64,286 SF 100% Leased Office Building Bismarck, ND 58501 $11,400,000 ($177.33/SF)
Investment Highlights
- Flexible commercial environment positioned at a prominent I 94 and West Divide Avenue corner offering strong visibility and steady traffic flow
- Updated features including ADA compliant access, fire sprinklers, and a low maintenance exterior that enhances operational ease
- Large site with abundant parking and strong corner presence contributing to long term desirability and user convenience
- Clear span red iron construction creating adaptable interior volume suited for a wide range of commercial uses
- Surrounded by notable community anchors including Bismarck State College, Highland Acres, and the Bismarck Community Bowl
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
64,286 SF
Building Class
B
Year Built
1980
Price
$11,400,000
Price Per SF
$177.33
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
64,286 SF
Building FAR
0.30
Lot Size
4.91 AC
Zoning
General Commercial - General Commercial
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Property Taxes
| Parcel Number | 0821-001-050 | Improvements Assessment | $3,502,600 |
| Land Assessment | $832,000 | Total Assessment | $4,334,600 |
Property Taxes
Parcel Number
0821-001-050
Land Assessment
$832,000
Improvements Assessment
$3,502,600
Total Assessment
$4,334,600
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1237 W Divide Ave
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