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    400 Main St Biwabik, MN 55708

    Sponsored
    For Sale
    $950,000

    Prime MN Investment: Live, Work, Play

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional mixed-use property in Biwabik, Minnesota, presents a unique investment opportunity. Located on Main Street, just miles from Giants Ridge Golf and Ski Resort, this updated building offers a blend of residential and commercial spaces. The property boasts three revenue-generating apartments, each featuring refinished hardwood floors, new kitchens with quartz countertops and stainless steel appliances, elegantly tiled bathrooms, and unique decorative elements. All furnishings are included. Two commercial spaces are also available, including a nearly completed 750 sq ft coffee shop with new commercial appliances (installation pending). Recent extensive upgrades include new plumbing and electrical service, a new heat distribution system, windows, whole-building ventilation, spray foam insulation, solar panels, and drywall. The 6,969.6 sq ft lot also includes a private outdoor hardscape patio. Built in 1920, this versatile building is ideal for short-term or long-term rentals, retail, or office use. A laundry center is also on-site. This sustainable and profitable investment opportunity combines prime location with significant recent improvements, offering a compelling return. The asking price is $950,000.

    Property Features for 400 Main St

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1920

    HighLights

    • Mixed‑use property in Biwabik, MN, on Main Street, near Giants Ridge.
    • Three updated apartments with refinished hardwood floors, new kitchens & baths, and included furnishings.
    • Two commercial spaces available, including a nearly completed 750 sq ft coffee shop.
    • Recent upgrades include new plumbing, electrical, HVAC, windows, ventilation, insulation, solar panels, and drywall.
    • 6,969.6 sq ft lot with private patio and on‑site laundry.
    • Asking price: $950,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Green Bean Coffeehaus Coffee Shop Honk the Moose Playground Playground Green Gate Gasthaus Lodging 4th & Main Barber ... Barber Shop

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Hotel & Motel Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Biwabik
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.3436999
    Latitude
    47.5327527

    Nearby Comparable

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      Biwabik Mixed-Use Investment

      Main Street gem: Live, work, play.
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      Established Car Wash on Main

      Well-established car wash business opportunity on Main Street in Aurora.
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      Downtown Aurora Commercial Gem

      Live/Work Opportunity in Aurora, MN
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      Established Restaurant in Aurora, MN

      Turn-key restaurant opportunity in the heart of Aurora, Minnesota.
      114 N Main St, Aurora, MN 55705
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    Nearby Similar for Sale

    • $950,000
      3,304 SF

      Biwabik Mixed-Use Investment

      Main Street gem: Live, work, play.
      400 Main St, Biwabik, MN 55708
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime MN Investment: Live, Work, Play
    Where is this individual retail property located?
    The property is located at 400 Main St Biwabik, MN.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Mixed-use property in Biwabik, MN, on Main Street, near Giants Ridge.; Three updated apartments with refinished hardwood floors, new kitchens & baths, and included furnishings.; Two commercial spaces available, including a nearly completed 750 sq ft coffee shop.
    Request Owner's contact information
    400 Main St Biwabik, MN 55708
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    Biwabik, MN 55708
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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
    400 Main St Biwabik, MN 55708
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