400 Main Street S Biwabik, MN 55708

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.