Office properties in Bismarck, North Dakota, offer a unique investment opportunity, with the city's strong economy and growing population making it an attractive location for businesses. As the state capital and county seat of Burleigh County, Bismarck is home to a diverse range of industries, including government, retail, and healthcare. Office properties in the city can represent a variety of investments, from single-tenant buildings to multi-tenant complexes, and can cater to a range of businesses, from small startups to large corporations. Bismarck's amenities, infrastructure, and location make it an ideal place to invest in an office property, with easy access to transportation, a skilled workforce, and a high quality of life. The city is also home to several major employers, including the state government, Sanford Health, and St. Alexius Medical Center, which can provide a steady stream of tenants for office properties. Additionally, Bismarck's scenic location along the Missouri River and its numerous parks and recreational facilities make it a desirable place to live and work.
With 5 office properties currently available for sale in Bismarck, investors have a range of options to choose from. The city's office market is characterized by an average price per square foot of $178 USD and an average property size of 27,278 square feet. The largest office property available for sale in Bismarck is 105,000 square feet. In addition to office properties, Bismarck also offers a range of other commercial real estate options, including commercial properties, apartment buildings, shopping centers, and hotels. Commercial properties in the city can offer a range of investment opportunities, from retail and office space to industrial and warehouse facilities. Apartment buildings in Bismarck can provide a steady stream of rental income, while shopping centers can offer a range of retail and dining options. Hotels in the city can cater to the growing number of tourists and business travelers visiting Bismarck. Overall, Bismarck's diverse range of commercial real estate options makes it an attractive location for investors looking to diversify their portfolios.
What is the average price per square foot for office properties in Bismarck?
The average price per square foot for office properties in Bismarck is $178 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Bismarck, it's essential to understand the classification system, which categorizes properties based on factors like age, condition, and amenities, to ensure you find the right fit for your business needs.
- Class A office properties are typically modern, high-quality buildings with premium finishes, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties are generally older, yet still well-maintained, with standard finishes and functional layouts, appealing to smaller businesses and startups with more modest budgets.
- Class C office properties are often older, with outdated features and limited amenities, typically appealing to entrepreneurs or small businesses on a tight budget, and may require renovation or modernization.
