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23763865
23763882

2908 Morrison Ave, Bismarck, ND 58501 For Sale

GY
ND 7535
Rise Property Brokers, Inc.
Listed by Rise Property Brokers, Inc.
$1,890,000
414 days on market
Updated 65 days ago

2908 Morrison Ave, Units 1-4

Details
Property Type Industrial
Sub Type Shop condo
Square Footage 12,000
Units 4
Occupancy 100%
Year Built 2017
Buildings 1
Lot Size (SqFt) 142,515
Zoning MA
Ceiling Height 16

Investment Shop Condos | 12,000 SF

Marketing description

With a 100% occupancy rate, this 2017-built gem in the MA Commercial zone offers a blend of finished office/showroom space and expansive shop/warehouse areas, totaling 12,000 SF. Fully leased to reputable tenants and boasting modern features like commercial flooring, indirect LED lighting, 14' roll-up doors, and 16' ceiling heights, this income-generating property is primed for investment success!

Sale Price: $1,890,000 (a $60,000 Price Reduction!)

Number of Units: 4

Lot Size: 142,515 SF

Building Size: 12,000 SF Total

Zoning: MA

Year Built: 2017

Location: South Bismarck

Investment highlights

Property Highlights:

  • Units 1-4 (All Sold Together)

  • 12,000 SF Total

  • 4,000 SF of Finished Office/Showroom

  • 8,000 SF Shop/Warehouse)

  • Income Generating Property - Fully Leased

  • Commercial Flooring Throughout

  • Indirect LED Lighting

  • Cat 5 Data Jacks Throughout

  • 14' Roll-Up Doors with Openers- 16' Ceiling Height

  • Floor Drains

  • Units 2, 3, and 4: 9,120 SF Total, 3,000 SF Finished Office, 6,120 SF Shop/Warehouse

    • Laboratory Space with Special Electrical Requirements

    • Currently Leased to Braun Intertec Corporation (See Agent For Lease Details)

  • Unit 1: 2,880 SF Total, 880 SF Office/Showroom, 2,000 SF Shop/Warehouse

    • Boutique Showroom with Warehouse/Distribution Space

    • Currently Leased to Loft 21 Boutique (See Agent For Lease Details)

Property Taxes:

  • Unit 1 Taxes: $3,519.66

    • Specials Balance: $1,074.77

    • Specials Installments: $310.63

  • Unit 2 Taxes: $3,823.37

    • Specials Balance: $862.21

    • Specials Installments: $254.33

  • Unit 3 Taxes: $3,519.66

    • Unit 3 Specials Balance: $893.92

    • Specials Installments: $262.17

  • Unit 4 Taxes: $3,508.08

    • Specials Balance: $1,097.09

    • Specials Installments: $319.31

Listing Contacts

GY
ND 7535
Rise Property Brokers, Inc.
Listed by Rise Property Brokers, Inc.

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