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Office Building with Finished Lower Level
For Sale
$679,500

505 Paul Bunyan Dr Nw, Bemidji, MN 56601

Two-level configuration supports professional services, medical practices, and other commercial uses.

Property Size2,400 SF
Lot Size0.57 Acres
Price / SF$283.13
Days on Market19

Property Features for 505 Paul Bunyan Dr Nw

General Information

Standard status Active
Size 2,400 SF
Total Parking Spaces 18
Lot size 0.57 Acres

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $17,972

Building Details

Buildings 1
Stories 2
Building Size 2,400 SF
Listing Agency: Real Broker, LLC
Listed By: The Hoover Group · License #70010221
Source: Exprealty
Added: Jul 22 Changed: Aug 7 Last Checked: Aug 8 at 9:02AM

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 Real Broker, LLC

Investment Insights

Based on property information with market context.

This 2,400-square-foot office building is arranged across two levels, with approximately 1,200 square feet on each floor. The lower level is fully finished, and the interior includes multiple private offices. The property has operated as a healthcare facility for eight years and previously served as a professional office building. Wheelchair ramps provide access at both the front and rear entrances.

Located at 505 Paul Bunyan Dr NW in Bemidji, the property fronts Paul Bunyan Drive, also designated Highway 197, with reported exposure to more than 17,000 vehicles per day. It sits between Pizza Hut and O'Reilly Auto Parts and includes a paved lot with 18+ parking spaces. The 130' x 190' site extends approximately 80 feet beyond the existing parking area, supporting consideration of additional parking, building expansion, or other site improvements. Drive-thru capability may be explored subject to city approvals.

Key Highlights

  • 2,400‑square‑foot office building with approximately 1,200 square feet on each level
  • Fully finished lower level with multiple private offices
  • Exposure to more than 17,000 vehicles per day along Paul Bunyan Drive (Highway 197)

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Electrical Service Building Supply Grocery & Convenience Store Kitchen & Bath Showroom Barber 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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

769
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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Two-level configuration supports professional services, medical practices, and other commercial uses.
Where is this office building located?
The property is located at 505 Paul Bunyan Dr Nw Bemidji, MN.
What is the asking price?
The asking price for this property is $679,500.
What are key features of this property?
This property features: 2,400‑square‑foot office building with approximately 1,200 square feet on each level; Fully finished lower level with multiple private offices; Exposure to more than 17,000 vehicles per day along Paul Bunyan Drive (Highway 197)
More about this property
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