+/- 32.50 acres for R-3 Development

32.50 acres (1,415,700 sf) inside city limits, zoned R-3 High-Density Residential. R-3 uses a site-area formula: for townhomes/multifamily up to 4 units, 7,000 sf for the first unit + 3,000 sf each thereafter; beyond 4 units, 7,000 + 3,000 (next 3) + 1,000 per additional unit. Max building coverage 70%; typical front/side/rear yards apply. This framework supports efficient, phased multifamily development. Dickinsons 2024 population est. 25,695 and Aug 2025 unemployment 2.5% indicate tight labor markets and steady household formation. Market-rate asks average ~$992/mo overall and ~$1,185 for 2BR; HUD FY2025 2-BR FMR = ~$1,020, a clear workforce price band that broadens demand. North Dakota crude output has hovered near ~1.15 MMbpd (mid-2025), sustaining contractor, logistics, and services employment. Dickinson also sits ~86 miles from Watford City (core Bakken activity), letting workers live in town while accessing the fields. A diversified basehealthcare (CHI St. Alexius, 2500 Fairway St), education (Dickinson State University), retail (Walmart), public schools, and manufacturingsupports demand even when drilling cycles soften. Recent employer lists and local profiles highlight this mix. The corner is embedded in an established residential corridor with nearby multifamily (e.g., Dacotah Ridge, 560 8th St SE), close to Roosevelt Elementary (230 3rd Ave E), minutes to DSU and city services. The address grid and existing rooftops support absorption and everyday convenience. DIK is ~6 miles from town and offers United nonstop to Denver (multiple weekly frequencies), facilitating crew change, corporate travel, and leasing velocity. Proximity to I-94 further links the site to regional employers. A 2012 feasibility study for this 32.50-acre R-3 site concluded it can support ~525 apartments. While R-3s site-area rules could allow a higher theoretical count, real-world yield is driven by setbacks, parking ratios, utilities, stormwater, and open-space programming. Use ~525 units as the planning ceiling and size infrastructure accordingly. Recommend phased delivery (e.g.,150200 units per tranche) with amenities sequenced to absorption, preserving acreage for circulation, greenspace, and potential future add-ons. MR. LANDMAN, LLC is a licensed real estate firm in the State of North Dakota under Lic#3369. Jonathan Fisher is a licensed broker in the State of North Dakota under Lic#10982. Dickinson is a city in and the county seat of Stark County, North Dakota. The population was 25,679 at the 2020 census, making it the seventh most populous city in North Dakota. Dickinson, founded in 1881, is also home to Dickinson State University. Since the North Dakota oil boom the city has become one of the fastest-growing cities in the United States. According to the 2020 census, the city is estimated to have a population of 25,679, however, other sources have estimates of the population at 33,646 or possibly exceeding 35,000. Dickinson is home to the Ukrainian Cultural Institute, which has a museum and holds events year round for the local Ukrainian community. Dickinson is the principal city of the Dickinson Micropolitan Statistical Area, a micropolitan area that covers Billings and Stark counties and had a combined population of 34,591 at the 2020 census. The median home cost in Dickinson is $254,900. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Dickinson is up 10.5%. Renters make up 30.5% of the Dickinson population. 4.2% of houses and apartments in Dickinson, are available to rent. The average 1-bedroom unit rents for $890/month. The average 2-bedroom unit rents for $1,010/month. The average 3-bedroom unit rents for $1,430/month. The average 4-bedroom unit rents for $1,710/month. Dickinson has seen the job market decrease by -7.6% over the last year. Future job growth over the next ten years is predicted to be 3.5%, which is lower than the US average of 33.5%. The Median household income of a Dickinson resident is $64,806 a year. The US average is $69,021 a year. Dickinson violent crime is 14.9. (The US average is 22.7) Dickinson property crime is 37.3. (The US average is 35.4)