Belfield, North Dakota Commercial Real Estate 1 Listing

Belfield, North Dakota: A Premier Destination for Commercial Real Estate

Introduction

Nestled in the heart of North Dakota, Belfield offers a unique commercial real estate (CRE) landscape characterized by its strategic location and growing economic sectors. Although a small city, Belfield sits at a pivotal junction connecting major transportation routes, making it an attractive hub for logistics and industrial enterprises. Its economy, primarily driven by energy and agriculture, creates diverse opportunities across various CRE asset classes, from industrial spaces to office facilities.

Economic and Industry Overview

Belfield's economy is significantly influenced by the energy sector, particularly oil and gas, due to its proximity to the Bakken Shale formation. This drives demand for industrial properties and supports a network of service industries. Agriculture also plays a critical role, necessitating storage and distribution facilities. Regional development initiatives, such as those led by the North Dakota Department of Commerce, aim to diversify the economic base, further enhancing CRE prospects in sectors like logistics and retail.

Strategic Location and Transportation Infrastructure

Belfield's strategic location along Interstate 94 offers seamless connectivity to major markets across the Midwest. The city is served by significant transportation infrastructure, including the BNSF Railway, which facilitates freight movement. Its proximity to Dickinson Theodore Roosevelt Regional Airport ensures access to air travel and cargo services. These logistical advantages position Belfield as a key distribution node, accessible to a robust labor pool and essential for businesses targeting regional and national markets. For more information, visit the North Dakota Department of Transportation.

Commercial Real Estate Inventory & Zoning

The commercial real estate landscape in Belfield is marked by several distinct submarkets. The central business district (CBD) features a mix of office and retail spaces, while the outskirts are home to industrial corridors catering to energy and agricultural operations. Notable zoning changes and incentives, including tax abatements, are in place to attract developers. For zoning maps and parcel viewers, refer to the City of Belfield’s zoning resources.

Major Employers and Institutions

Key employers in Belfield include energy companies like Marathon Oil and agricultural cooperatives. These firms, alongside local government centers, drive demand for commercial real estate. While Belfield lacks major universities, nearby Dickinson State University contributes to the regional economic fabric. Business directories and further economic development information can be accessed via the Belfield Chamber of Commerce.

Notable Commercial Developments & Projects

Belfield is witnessing several notable development projects, including mixed-use complexes and innovation parks. These initiatives often involve public-private partnerships aimed at revitalizing the local economy. The city also benefits from designated Opportunity Zones, providing tax incentives for investors. Planning documents and approved site maps are available through the Belfield Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Belfield offers a suite of resources to facilitate planning and development:

These tools streamline the process of acquiring necessary permits and understanding zoning regulations.

Market Data & Economic Reports

Public datasets, such as those available on census.gov and the city’s open data portal, provide valuable insights into Belfield's economic trends. Brevitas leverages AI-powered aggregation to enhance these insights, offering users comprehensive dashboards tailored to Belfield's CRE market. Explore Brevitas-powered dashboards for detailed market analytics.