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Bismarck Hotel and Conference Center

$13,900,000

800 South 3rd Street, Bismarck, ND 58504

Active
Last Updated: 06/24/2025

12.56

Cap Rate

1,745,592

NOI

Details:
Cap Rate:    12.56%
NOI:    $1,745,592
Keys:    305
Price Per Key:    $45,573.77
Highlights:
  • WELL POSITIONED PROPERTY: This is an opportunity to gain a consistently high-performing hospitality asset located on some of the most sought-after commercial land in Bismarck. The property generates strong, reliable income and benefits from excellent visibility being located just North of E Bismarck Expressway with ±31,950 VPD.
  • ADDITIONAL PRIME RETAIL LAND AVAILABLE: This is an opportunity with an extra ±1.5 acres of high-exposure retail land is available on the north side of the property, offering future development or resale potential. This parcel, valued at approximately $1.5 million, enhances the overall investment offering and provides optional expansion or diversification opportunities.
  • HIGH CONFERENCE SPACE POTENTIAL: The property features approximately ±25,000 SF of banquet and conference space that remains largely underutilized by the current ownership. This area presents significant upside potential through expanded event programming or corporate partnerships offering a clear path to increased revenue and asset value.
  • ON-SITE AMENITIES: The hotel features a full suite of guest and revenue-driving amenities, including a bar and restaurant, a leased casino, an indoor water park, multiple banquet spaces, and an arcade. These offerings enhance guest experience, support diversified income streams, and position the property as a leading full-service destination in the region.
  • FLEXIBLE ACQUISITION TERMS: Seller financing is available with a 25% down payment, offering a more accessible capital structure for qualified buyers. This financing option enhances deal flexibility and can improve return profiles for investors seeking leverage without traditional lending constraints.
Map:
Documents:
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Offering Memorandum
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Location
Gallery