218 Minnesota Avenue NW, Bemidji, MN 56601

Overview

Description

Exceptional mixed use investment opportunity in the heart of Bemidji, surrounded by growing business activity and ongoing downtown momentum. Opportunities like this rarely come available. This well maintained property features a strong long term commercial anchor tenant, plus five total commercial suites and nine residential apartments, all supported by a solid rental history and consistent occupancy. The building is in excellent condition, reflecting pride of ownership and thoughtful upkeep. With stable in-place income and future upside potential, this asset offers both security and blue sky opportunity for the next investor looking to capitalize on Bemidji’s continued growth.

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Waterfront Present: No
Year Built: 1910
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Foundation Size: 7000
For Sale or Lease: For Sale
Acres: 0.32
Lot Dimensions: 50x140x50x140
Assessment Pending: No
Other Parking Spaces: 0
Garage Stalls: 0

Property Features

Accessible: None CMU Style: Mixed Use Construction Status: Previously Owned Current Use: Commercial; Office; Professional Service Exterior: Brick/Stone; Stucco Foundation: Combination; Concrete Block Fuel: Electric; Natural Gas Heating: Baseboard; Forced Air On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Rental License Type: Standard Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 1600000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 218
Street Name: Minnesota
Street Suffix: Avenue
Street Direction Suffix: NW
Postal City: Bemidji
County: Beltrami
State: MN
Zip Code: 56601
Complex/Dev/Subdivision: Bemidji

Assessments

Assessment Balance: 2246.01
Tax With Assessments: 13242.01

Building Information

Building Finished SqFt: 14000

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 33
Section#: 9
Township#: 146

Sale Options

Sale Includes: Building, Leases

Unit 1

No. of 1 Bedroom Units: 8

Unit 2

No. of 2 Bedroom Units: Yes

Unit Details

Total Units: 15

Office/Member Info

Association: NWMAR

Location, Tax and Other Information

Legal Description: SECT-09 TWP-146 RANGE-033 BEMIDJI LOT-011 BLOCK-017 & LOT 12
Listing City: Bemidji
Map Page: 999
Municipality: Bemidji
School District: Bemidji
School District Phone: 218-333-3100
Zip Plus 4: 294
Property ID Number: 800109100
Tax Year: 2025
Tax Amount: 10996
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Exceptional mixed use investment opportunity in the heart of Bemidji, surrounded by growing business activity and ongoing downtown momentum. Opportunities like this rarely come available. This well maintained property features a strong long term commercial anchor tenant, plus five total commercial suites and nine residential apartments, all supported by a solid rental history and consistent occupancy. The building is in excellent condition, reflecting pride of ownership and thoughtful upkeep. With stable in-place income and future upside potential, this asset offers both security and blue sky opportunity for the next investor looking to capitalize on Bemidji’s continued growth.
Directions: Corner of Minnesota Ave NW and 3rd St NW

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes
Stucco: Yes

Foundation

Combination: Yes
Concrete Block: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Baseboard: Yes
Forced Air: Yes

Rental License Type

Standard: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Mixed Use: Yes

Current Use

Commercial: Yes
Office: Yes
Professional Service: Yes