Listed by Rise Property Brokers, Inc.
$9,950,000
1237 W Divide Ave
Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 64,286
Cap Rate 8.04%
Tenancy Multi
Lease Type Modified
Price per SqFt $155
Class B
Year Built 1980
Buildings 1
Stories 2
Lot Size (SqFt) 214,009
Zoning CG
Sale Condition For sale by owner
HUGE Price Drop! | 64,286 SF
Marketing description
Built in 1980 and zoned CG, the property offers a versatile space for a variety of uses. With a clear span design, red iron construction, and numerous updates, this property boasts high visibility and existing lease agreements. Its prime location at the high-traffic corner of I-94 and Divide, with 13,500 VPD on W Divide Ave and 19,335 VPD on I-94/Schafer Street, ensures maximum exposure. This landmark building is a prominent asset in the Bismarck area!
Sale Price: $9,950,000 (after a massive $1,450,000 price reduction!)
Building Size: 64,286 SF
Lot Size: 214,009 SF
Zoning: CG
2024 Taxes: $117,328.90
Specials Balance: $48,902.26
Specials Installments: $8,554.52
Investment highlights
Property Highlights:
- Massive $1,450,000 Price Reduction!
- 8.04% Cap Rate
- Clear Span Design
- Red Iron Construction
- High Visibility
- Existing Lease Agreements
- Fire Sprinkler System
- Maintenance-Free Exterior
- ADA Compliant
- Large Windows
- Lobby/Reception Area
- Conference Room
- Private Offices
- Common Restrooms
- Abundant Parking
- Pylon Signage
- Recognizable Landmark Near Bismarck State College, Highland Acres Residential Neighborhood, and the Bismarck Community Bowl
- High-Traffic Corner of I-94 and Divide with 13,500 VPD on W Divide Ave and 19,335 VPD on I-94/Schafer Street
Listing Contacts
Listed by Rise Property Brokers, Inc.
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