1022 W Villard Street, Dickinson, ND 58601
$5,000,000
Property Type:
Commercial
Lot Size (sq. ft.):
22,216
Status:
Active
Current Price:
$5,000,000
List Date:
5/03/2026
Last Modified:
5/27/2026
Overview
Description
...
(Read more)
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!
Listing Details MLS# 7057903
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
Listing Office:
RE/MAX Legacy Realty
Last Updated: May - 27 - 2026
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