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    4005 Cardinal Rd Bemidji, MN 56601

    Sponsored
    For Sale
    $700,000

    Prime Bemidji location, large lot, two buildings.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity encompasses a 7-acre parcel situated at 4005 Cardinal Road NW in Bemidji, Minnesota, 56601. The property boasts a substantial 304,920 square foot lot, offering significant development potential. Strategically located just 700 feet north of US Highway 2, this property enjoys excellent visibility and accessibility. The site includes two existing all-steel buildings, each measuring 3,000 square feet, featuring 13-foot sidewalls, 21-foot-wide doors, and concrete floors. These buildings provide immediate utility and potential for various uses. The land itself is flat and level, simplifying any future expansion or development plans. Built in 1983, this property presents a unique blend of existing structures and ample space for future growth. The asking price for this expansive property is $700,000. This is an ideal opportunity for investors seeking a versatile commercial and warehouse property in a prime Bemidji location. The property's size, location, and existing buildings make it a compelling investment prospect with substantial upside potential.

    Property Features for 4005 Cardinal Rd

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1983

    HighLights

    • $700,000 asking price.
    • Land and industrial property, warehouse subtype.
    • 1983 construction.
    • 304,920 square foot lot.
    • Located at 4005 Cardinal Road NW, Bemidji, MN 56601.
    • Includes two 3,000 sq ft steel buildings with 13' sidewalls, 21' wide doors, and concrete floors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Spa & Massage Building Supply Dental Office Auto Repair Shop Hotel & Motel Pharmacy Kitchen & Bath Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Bemidji
    County
    Beltrami
    State
    Minnesota
    Longitude
    -94.9491348
    Latitude
    47.5077363

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    FAQs

    What type of property is this?
    Distribution property - Prime Bemidji location, large lot, two buildings.
    Where is this distribution property located?
    The property is located at 4005 Cardinal Rd Bemidji, MN.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: $700,000 asking price.; Land and industrial property, warehouse subtype.; 1983 construction.
    Request Owner's contact information
    4005 Cardinal Rd 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
    4005 Cardinal Rd Bemidji, MN 56601
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