Listed by Rise Property Brokers, Inc.
$1,950,000
4023 State Street
Details
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 23,490
Tenancy Multi
Year Built 1971
Lot Size (SqFt) 53,603
Zoning CG-Commercial
Investment Type Stabilized
Investment Office Building | 23,490 SF
Marketing description
This 23,490 SF office building, built in 1971, is a revenue-generating asset with substantial annual income of $208,944. With handicap accessibility, and recently remodeled common areas, this property offers long-term tenancy with lease renewal upside. New HVAC equipment, ample parking, and high visibility with 24,895 daily vehicles on State Street ensure a prime investment. With the potential to increase rentable SF and attract tenants, this building is priced to sell, making it a sought-after opportunity for savvy investors.
Sale Price: $1,950,000
Building Size: 23,490 SF
Lot Size: 53,603 SF
Zoning: CG-Commercial
Year Built: 1971
2025 Taxes: $24,755.61
Specials Balance: $5,130.14
Specials Installments: $1,084.37
Investment highlights
PROPERTY HIGHLIGHTS:
- $208,944 in Annual Income - Long Term Tenancy with Lease Renewal Upside
- Handicap Accessible in Common Restrooms Freshly Remodeled on Both Levels
- Common Area Kitchen and Conference Room Available to all Tenants
- Ample Asphalt Parking in Front and Rear of Property w/Park and Walk-In Accessibility
- Located in the Heart of North Bismarck
- Commercial Grade Carpet Throughout, New LED Lighting in Most Suites
- New HVAC Equipment in 2024
- Lower Level Suites 45 & 55 can be Finished for More Rentable SF
- High Traffic and Visibility with 24,895 Vehicles Per Day on State Street
Listing Contacts
Listed by Rise Property Brokers, Inc.
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