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    Aurora, MN Gilbert, MN Virginia, MN
    Biwabik Mixed-Use Investment Opportunity
    Updated: Oct 13, 2024
    Biwabik Mixed-Use Investment Opportunity

    400 Main Street S, Biwabik, MN 55708

    $950,000
    3,304 sqft
    Prime location on Main Street in Biwabik, MN, near Giants Ridge, offering high visibility and traffic (4400 cars/day).
    Versatile mixed‑use property with 3 updated apartments (including furnishings) and 2 commercial spaces, providing multiple income streams.
    Extensive recent upgrades including new plumbing, electrical, heat distribution, windows, ventilation, insulation, and solar panels, ensuring energy efficiency and reduced maintenance.
    Turnkey coffee shop space (750 sq. ft.) with new commercial appliances and high street visibility, ready for customization.
    Upgraded 1000 sq. ft. detached commercial space with new roof (2022), solar PV system, radiant floor heating, and Arctic Heat Pump system.
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    This listing looks promising.

    Here's a quick look at some key insights for

    400 Main Street S, Biwabik, MN 55708

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $75K
      Annual

    • Price @ 7% Cap

      $1.07M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1990
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Biwabik, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Six-Unit Apartment Building
    Six-Unit Apartment Building

    1530-1532 E 1st St, Duluth, MN 55812

    $699,000
    4,566 sqft · 0.10 AC lot

    Well-maintained six-unit building with newer roof and off-street parking, featuring separate electrical service for each unit.

    View details
    Five-Unit Apartment Building
    Five-Unit Apartment Building

    1028 Banks Ave, Superior, WI 54880

    $329,000
    2,260 sqft · 0.09 AC lot

    Fully leased five-plex with updated apartments, poured-concrete basement, and recent roof and boiler upgrades.

    View details
    Corner 5-Plex Income Property
    Corner 5-Plex Income Property

    1028 Banks Ave, Superior, WI 54880

    $329,000

    Fully leased 5-plex with three 1-bedroom units and two studios in a corner location.

    View details
    Gary New Duluth Investment Opportunity
    Gary New Duluth Investment Opportunity

    1321 Commonwealth Avenue, Duluth, MN 55808

    $295,000
    3,216 sqft · 0.23 AC lot

    Bar, apartments, and outdoor recreation area for sale.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

    View details
    Norman Land For Luxury Condos
    Norman Land For Luxury Condos

    801 NW 36th Avenue, Norman, OK 73072

    $285,000
    0.74 AC lot

    Prime Norman land suitable for luxury condos development.

    View details
    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details

    Biwabik, MN Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Biwabik, MN on our real estate platform. These investment opportunities span a total of 3,304 square feet of properties for sale, with an estimated market value of $950,000.

    Sale prices for two-family homes in Biwabik, MN start at $950,000, averaging $950,000, and reaching up to $950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 4,098
    Population Growth (5Y) -1.6%
    Median Household Income $57,119
    College Educated 32.3%

    High-Yield Neighborhoods for Investment

    Identify Biwabik submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55708 $950K

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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