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Vacant Mixed-Use Building
New
For Sale
$424,900

219 4th St NW, Bemidji, MN 56601

Two-level property combines a 2,125-square-foot commercial area with three upstairs apartments requiring renovation.

Property Size6,250 SF
Price / SF$67.98
Days on Market3

Property Features for 219 4th St NW

General Information

Standard status Active
Size 6,250 SF

Property Condition

Severity Major Repairs Needed
Evidence completely demoed and are ready to be renovated

Additional Details

Multifamily Units 3

Building Details

Year Built 1920
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Grimes Realty
Listed By: Robert Elliott
Source: Chrisfritchteam
Added: Sep 21 Last Checked: Sep 21 at 2:30PM

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 Grimes Realty

Investment Insights

Based on property information with market context.

Located at 219 4th St NW in Bemidji, this 1920 mixed-use building is fully vacant and configured for commercial and residential use. The main level contains approximately 2,125 square feet of commercial space, while the second floor includes three apartment units.

All three residential units have been demoed and are ready for renovation, allowing the next owner to establish updated layouts, finishes, and amenities. The commercial area previously operated as a laundromat and provides a substantial ground-floor footprint. The property is situated downtown, with access to shopping, dining, services, and other amenities.

Key Highlights

  • Approximately 2,125 sq ft of main‑level commercial space
  • Three second‑floor apartment units
  • All residential units have been completely demoed

Property Analytics

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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

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

814
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-level property combines a 2,125-square-foot commercial area with three upstairs apartments requiring renovation.
Where is this mixed-use property located?
The property is located at 219 4th St NW Bemidji, MN.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Approximately 2,125 sq ft of main‑level commercial space; Three second‑floor apartment units; All residential units have been completely demoed
More about this property
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