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Live-Work Mixed-Use Property
For Sale
Under Contract
$350,000

601 Main St, Biwabik, MN 55708

COMMERCIAL/INDUSTRIAL, Biwabik, MN

Property SizeContact for details
Days on Market77

Property Features for 601 Main St

General Information

Property type Commercial Sale
Property subtype Other
Zoning COM
Parking features Garage
Lot features Corner Lot, Downtown Area
Subdivision Aurora/Hoyt Lakes/Biwabik
Standard status Active Under Contract

Utilities

Heating system Forced Air, Natural Gas
Cooling system Central Air

Building Details

Year built 1960
Building materials Wood Frame
Roof type Asphalt, Shingle, Metal
Listing Agency: Next Door Realty
Listed By: Norma Jean Jofs · License #40713911
Added: Jul 12 Changed: Sep 16 Last Checked: Sep 26 at 9:06AM
MLS# 150170

Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property combines an established art gallery with residential and commercial components. The main living area includes 2 bedrooms and updated finishes, while a center garage provides internal separation between the connected spaces. A rear suite, previously used as a hair salon, is configured for use as a studio rental or mother-in-law suite. The building also includes an existing coffee shop setup, and the art gallery business is included with the property.

Located at 601 Main St in Biwabik, the property is positioned within the community’s Main Street corridor. Nearby Giants Ridge tourism is identified as a year-round source of activity, and the property is zoned COM. Construction is wood frame, with natural gas and forced-air heating, central air conditioning, and shingle, metal, and asphalt roofing. A garage provides on-site parking.

Key Highlights

  • Established art gallery business included with the property
  • 2‑bedroom main living area with updated finishes
  • Rear suite formerly operated as a hair salon

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick HVAC Service Plumbing Service Storage Facility Bakery Cafe & Coffee Shop Kitchen & Bath Showroom

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

105
Businesses Nearby

Demographics for 55708, MN

917
Population
425
Households
2.2
Avg Household Size
47
Median Age
32%
College-Educated
98%
High-School Grad
4.8 sq mi
ZIP Area
191
Density / Sq Mi
$68,859
Median Household Income
$48,000
Median Earnings
$736
Median Rent
$107,700
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 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?
Mixed-use property - Combined commercial and residential layout with gallery, coffee shop, garage, and adaptable rear suite.
Where is this mixed-use property located?
The property is located at 601 Main St Biwabik, MN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Established art gallery business included with the property; 2‑bedroom main living area with updated finishes; Rear suite formerly operated as a hair salon
More about this property
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