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Mixed-Use Building with Apartments
For Sale
$1,600,000

218 Minnesota Ave NW, Bemidji, MN 56601

Established commercial and residential asset with multiple suites, apartments, and an existing commercial anchor tenant.

Property SizeContact for details
Days on Market42

Property Features for 218 Minnesota Ave NW

General Information

Standard status Active

Additional Details

Multifamily Units 9

Building Details

Year Built 1910
Tenancy Multi
Listing Agency: SJ Commercial Advisors
Listed By: Sheila Johnson · License #40265813
Source: Bradadamrealty
Added: Jul 20 Changed: Aug 28 Last Checked: Aug 29 at 11:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SJ Commercial Advisors

Investment Insights

Based on property information with market context.

Built in 1910, the mixed-use property at 218 Minnesota Ave NW combines five commercial suites with nine residential apartments. The building is described as well maintained and includes an established commercial anchor tenant, creating a diversified commercial and residential configuration.

The property is located in Bemidji, MN, within an active downtown setting identified in the source information as experiencing continued business activity. Consistent occupancy and a documented rental history support the existing operating profile.

Key Highlights

  • Five commercial suites and nine residential apartments
  • Existing long‑term commercial anchor tenant
  • Built in 1910

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Auto Parts Store Big Box & Wholesale Store Grocery & Convenience Store Dental Office Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

793
Businesses Nearby

Demographics for 56601, MN

34,647
Population
16,104
Households
2.2
Avg Household Size
36
Median Age
38%
College-Educated
95%
High-School Grad
371.1 sq mi
ZIP Area
93
Density / Sq Mi
$69,782
Median Household Income
$37,498
Median Earnings
$1,033
Median Rent
$242,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Established commercial and residential asset with multiple suites, apartments, and an existing commercial anchor tenant.
Where is this mixed-use property located?
The property is located at 218 Minnesota Ave NW Bemidji, MN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Five commercial suites and nine residential apartments; Existing long‑term commercial anchor tenant; Built in 1910
More about this property
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