1022 W Villard Street, Dickinson, ND 58601

Overview

Description

Villard Commons presents a rare opportunity to acquire a stabilized, professionally managed 47-unit apartment community in the heart of Dickinson, North Dakota—one of Western North Dakota’s most consistent rental markets. Strategically positioned just minutes from Dickinson State University and major retail corridors, this asset benefits from strong, reliable tenant demand driven by students, workforce housing needs, and regional economic activity. The property features a desirable unit mix of one-, two-, and three-bedroom layouts designed to accommodate a broad tenant base. Units are well-equipped with modern conveniences including dishwashers, updated appliance packages, and in-unit laundry or hookups, while the building itself offers secure access, elevator service, and 24/7 maintenance support—creating an attractive, low-friction living experience for residents. Current rents are positioned competitively within the Dickinson market, offering immediate cash flow with clear ... (Read more)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 2012
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 45008
For Sale or Lease: For Sale
Acres: 0.51
Lot Dimensions: 145x141x155x150
Assessment Pending: Unknown
Other Parking Spaces: 0
Garage Stalls: 0

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Commercial Exterior: Other Foundation: Concrete Block Fuel: Electric Heating: Baseboard Loan Terms: Cash; Conventional; Other Lock Box Type: None On Site Utilities: Electric Common; Heating Common Rental License Type: Other Roof: Asphalt Shingles Sewer: City Sewer/Connected Stories: Three Or More Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 5000000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1022
Street Direction Prefix: W
Street Name: Villard
Street Suffix: Street
Postal City: Dickinson
County: Stark
State: ND
Zip Code: 58601
Complex/Dev/Subdivision: Youngs 5th

Assessments

Tax With Assessments: 44420
Assessment Balance: 0

Building Information

Building Finished SqFt: 45008
Building SqFt: 45008

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building

Unit 1

No. of 1 Bedroom Units: 9

Unit 2

No. of 2 Bedroom Units: 10

Unit 3

No. of 3 Bedroom Units: 20

Unit Details

Total Units: 47

Unit Information

No. of Efficiency Units: 4

Office/Member Info

Association: FMR

Location, Tax and Other Information

Legal Description: YOUNGS 5TH L4-6 +E9' OF VACATED ALLEY B27
Listing City: Dickinson
Map Page: 999
Municipality: Dickinson
School District: Dickinson
Zip Plus 4: 6626
Property ID Number: 41035027000400
Tax Year: 2025
Tax Amount: 44420
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Villard Commons presents a rare opportunity to acquire a stabilized, professionally managed 47-unit apartment community in the heart of Dickinson, North Dakota—one of Western North Dakota’s most consistent rental markets. Strategically positioned just minutes from Dickinson State University and major retail corridors, this asset benefits from strong, reliable tenant demand driven by students, workforce housing needs, and regional economic activity. The property features a desirable unit mix of one-, two-, and three-bedroom layouts designed to accommodate a broad tenant base. Units are well-equipped with modern conveniences including dishwashers, updated appliance packages, and in-unit laundry or hookups, while the building itself offers secure access, elevator service, and 24/7 maintenance support—creating an attractive, low-friction living experience for residents. Current rents are positioned competitively within the Dickinson market, offering immediate cash flow with clear upside through continued operational efficiencies and incremental rent growth. Market data indicates the property rents at or below surrounding averages, supporting a strong value-add thesis without requiring heavy capital expenditure. Contact today for more information!
Directions: Google Maps

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Other: Yes

Foundation

Concrete Block: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Lock Box Type

None: Yes

Rental License Type

Other: Yes

Roof

Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Common: Yes
Heating Common: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Commercial: Yes

Loan Terms

Cash: Yes
Conventional: Yes
Other: Yes