Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    24Th St NW Bemidji, MN 56601

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Development opportunity near major retailers and highway access.

    Lot size:
    24,375.00 Acres

    Property Features for 24Th St NW

    General Information

    Standard status
    Active
    Zoning
    Commercial
    Lot size
    24,375.00 Acres

    We can help!

    Listing Contact
    Sheila Johnson
    Source: Crexi

    Listing Agency: SJ Commercial Advisors Listing Agent: Sheila Johnson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Land Near Highway Access

    This commercial land presents an excellent development opportunity within a growing commercial neighborhood. The site benefits from easy access to Highway 2 and 71. Located directly south of Home Depot, the property is near numerous medical providers and several big-box retailers, including Target, Menards, and Walmart, as well as numerous medium-box retailers. The location is suitable for businesses looking to move or expand their office, service, or medical operations. The property offers a build-to-suit option.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bemidji
    County
    Beltrami
    State
    Minnesota
    Longitude
    -94.878981
    Latitude
    47.491765

    Nearby Similar for Sale

    • $1,353,383
      554 SF

      New Caribou Coffee Cabin Concept

      New drive-thru Caribou Coffee on high-traffic corridor near university.
      100 Paul Bunyan Dr Northwest, Bemidji, MN 56601
      View Details
    • Contact for pricing

      Bemidji Industrial Park Opportunity

      14,000 SF building on three acres for sale.
      1018 Industrial Park Dr SE, Bemidji, MN 56601
      View Details
    • Contact for pricing
      4,992 SF

      Office and Shop Space Available

      Office and shop space in Bemidji's Industrial Park.
      1407 Naylor Dr SE, Bemidji, MN 56601
      View Details
    • Contact for pricing
      Pending

      Bemidji Commercial Building For Sale

      Commercial building with office space, storage, and paved parking.
      920 Washington Ave S, Bemidji, MN 56601
      View Details
    • Contact for pricing
      13,939 SF

      Mixed-Use Commercial Property in Bemidji

      Centrally located mixed-use property in downtown Bemidji, Minnesota.
      218 3Rd St NW, Bemidji, MN 56601
      View Details
    • $700,000
      6,000 SF

      Bemidji Commercial Land & Buildings

      Seven acres, two steel buildings, high visibility.
      4005 Cardinal Rd, Bemidji, MN 56601
      View Details
    • $550,000
      6,000 SF

      Bemidji Industrial Building For Sale

      Spacious industrial building, prime location.
      840 Industrial Park Dr, Bemidji, MN 56601
      View Details
    • $324,900
      2,584 SF

      Bemidji Office Building - Great Location!

      Downtown Bemidji office, ample parking, lease option.
      713 Beltrami Ave, Bemidji, MN 56601
      View Details
    • Contact for pricing
      5,650 SF

      Bemidji Office Space for Lease

      Prime Office Space, High Visibility, Ample Parking
      2300 24Th St, Bemidji, MN 56601
      View Details
    • $699,000
      6,000 SF

      Turnkey Auto Body Shop in Bemidji

      Established business, prime location, fully equipped.
      29347 Us 2, Bemidji, MN 56601
      View Details
    • $419,900
      3,664 SF

      Bemidji Bar & Restaurant - 9 Acres

      Established Bar & Restaurant, Turnkey Operation
      48220 Reserve Trl, Bemidji, MN 56601
      View Details
    • $600,000
      42,770 SF

      Bemidji Commercial Building - Huge Potential

      Spacious former school, ample parking, downtown proximity.
      815 Beltrami Ave, Bemidji, MN 56601
      View Details

    FAQs

    What type of property is this?
    Commercial land - Development opportunity near major retailers and highway access.
    Where is this commercial land located?
    The property is located at 24Th St NW Bemidji, MN.
    What are key features of this property?
    This property features: - Excellent development opportunity in a growing commercial neighborhood.; - Easy access from Highway 2 and 71.; - Located directly south of Home Depot.
    Request Owner's contact information
    24Th St NW Bemidji, MN 56601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24Th St NW
    Bemidji, MN 56601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    24Th St NW Bemidji, MN 56601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sheila Johnson
    Real Estate License ID: 40265813
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!