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    815 Beltrami Ave Bemidji, MN 56601

    Sponsored
    For Sale
    $600,000

    Large Commercial Lot, Prime Bemidji Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 89,733.6 square foot commercial land parcel, located at 815 Beltrami Avenue NW in Bemidji, Minnesota, presents a unique investment opportunity. The property, built in 1959, encompasses an entire city block just north of downtown Bemidji and previously served as the Central School. The substantial existing building offers over 42,000 square feet of space, including a full-size gymnasium and a commercial kitchen. On-site amenities include ample parking, a playground, and green space. Significant improvements have been made, including a new boiler system installed in 2007 and new roofs in 2009 and 2011. The property's versatility allows for a wide range of potential uses, making it an attractive prospect for developers and investors. However, prospective buyers should be aware of deed restrictions prohibiting K-12 educational use and the sale or production of marijuana products. This prime location in a thriving Minnesota city offers significant potential for future development and substantial return on investment. The asking price for this expansive property is $600,000. The property's zip code is 56601, and it is situated in Beltrami County.

    Property Features for 815 Beltrami Ave

    General Information

    Property type
    Land

    Building Details

    Year Built
    1959

    HighLights

    • 89,733.6 SF commercial land parcel in Bemidji, MN.
    • Large existing 42,000+ SF building with gym and commercial kitchen.
    • Ample parking, playground, and green space.
    • Recent improvements include new boiler (2007), and roofs (2009 & 2011).
    • $600,000 asking price.
    • Deed restrictions prohibit K‑12 education and marijuana‑related activities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bemidji
    County
    Beltrami
    State
    Minnesota
    Longitude
    -94.8816412
    Latitude
    47.4761795

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    FAQs

    What type of property is this?
    Land - Large Commercial Lot, Prime Bemidji Location
    Where is this land located?
    The property is located at 815 Beltrami Ave Bemidji, MN.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 89,733.6 SF commercial land parcel in Bemidji, MN.; Large existing 42,000+ SF building with gym and commercial kitchen.; Ample parking, playground, and green space.
    Request Owner's contact information
    815 Beltrami Ave Bemidji, MN 56601
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    Realmo Value Estimation

    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.

    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.

    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
    815 Beltrami Ave Bemidji, MN 56601
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