1022 W Villard Street, Dickinson, ND 58601

New Listing
$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: 5/03/2026

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 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
IDX
Last Updated: May - 03 - 2026
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