400 Main Street S Biwabik, MN 55708
Updated mixed-use property with apartments and commercial spaces in Biwabik, MN.
Type:Hospitality, Office, Retail, Industrial
Property size:
3,304 SF- Added:
- Oct 13, 2024
- Days on Market:
- 542
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 400 Main Street S
General Information
- Standard status
- Active
- Size
- 3,304 SF
- Property subtype
- Hospitality, Office, Retail, Industrial
Building Details
- Year Built
- 1920
Listing agent Tammy Schotzko License #40893997
Listing office Better Homes and Gardens Real Estate First Choice
Listing date Oct 13, 2024
Source Crexi
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 Better Homes and Gardens Real Estate First Choice
Overview
Biwabik Mixed-Use Investment Opportunity
Located on Main Street in Biwabik, Minnesota, just miles from Giants Ridge Golf and Ski Resort, this updated mixed-use property presents an investment opportunity. The building features three revenue-generating apartments suitable for short-term rentals or long-term tenants, and two commercial spaces ideal for retail or office use. Additional amenities include a laundry center and a private outdoor hardscape patio. Recent upgrades encompass new plumbing (supply and drain), electrical service, heat distribution system, windows, whole-building ventilation, spray foam insulation, and solar panels. The apartments feature refinished hardwood flooring, new kitchen cabinetry with quartz countertops, stainless-steel appliances, tiled bathrooms, and wood trim. Furnishings are included in the sale. The property includes a professionally designed 750 square foot coffee shop space with a walk-up window, new commercial appliances, and pending installation of equipment, countertops, and cabinetry. Final work remains on the bathroom, utility room, and electrical/plumbing connections. The 1000 square foot detached commercial space has been extensively upgraded with a new roof installed in 2022, a solar PV system with a 200-amp electrical service and grid tie, radiant floor heating, polished concrete floors, and roughed-in water, sewer, bathroom, and utility room connections. It also features an Arctic Heat Pump system, new windows, LED lighting, and spray foam insulation. An on-site laundry center includes three washers, three dryers, and storage space. A four-car parking pad is located adjacent to an easily accessible alley. The location is near a grocery store, gas station, and a city park across the street. The seller is willing to separate the property into two parcels and would retain the parcel with the second commercial space.
Location Intelligence
Current Use by Public Records
Green Bean Coffeehaus
Cafe & Coffee Shop
Honk the Moose Playground
Family Recreation Center
Green Gate Gasthaus
Hotel & Motel
4th & Main Barber ...
Barber Shop
Location Insight
- Map
- Local Demand
- City
- Biwabik
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.3436516
- Latitude
- 47.5326724
FAQs
What type of property is this?
Mixed-use property - Updated mixed-use property with apartments and commercial spaces in Biwabik, MN.
Where is this mixed-use property located?
The property is located at 400 Main Street S Biwabik, MN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 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.
