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    815 Beltrami Ave Bemidji, MN 56601

    For Sale
    $600,000

    Spacious former school, ample parking, downtown proximity.

    Property size:
    42,770 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property, located at 815 Beltrami Avenue NW in Bemidji, Minnesota, presents a unique investment opportunity. The expansive 42,770 square foot building sits on a generous 2.07-acre lot, encompassing a full city block just north of the downtown area. Previously serving as Central School, the well-maintained structure boasts a wealth of features ideal for diverse commercial uses. Key highlights include a full-size gymnasium, a sizable commercial kitchen located on the lower level, and ample on-site parking to accommodate employees and clients. The property also features attractive green space and a playground, adding to its versatility and appeal. Significant building improvements have been made, including a new boiler system installed in 2007 and new roofs in 2009 and 2011, ensuring long-term operational efficiency and reduced maintenance costs. The property is offered at $600,000. Please note that deed restrictions prohibit the use of the property for pre-K-12 schools/education or cannabis production/sales. This presents a rare chance to acquire a substantial, adaptable building in a desirable location with significant upside potential. The property's size, amenities, and location make it suitable for a wide range of commercial ventures.

    Property Features for 815 Beltrami Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    42,770 SF
    Lot Size
    90,169 SF

    Building Details

    Year Built
    1959
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bemidji
    County
    Beltrami
    State
    Minnesota
    Longitude
    -94.88161
    Latitude
    47.47616

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious former school, ample parking, downtown proximity.
    Where is this commercial real estate located?
    The property is located at 815 Beltrami Ave Bemidji, MN.
    What is the asking price?
    The asking price for this property is $600,000.
    (218) 751-2538
    Request Owner's contact information
    815 Beltrami Ave Bemidji, MN 56601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    815 Beltrami Ave Bemidji, MN 56601
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