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    Biwabik, MN
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    Biwabik, MN Mixed-use Properties for Sale

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    Aurora, MN Gilbert, MN Virginia, MN Embarrass, MN Eveleth, MN Hoyt Lakes, MN Mountain Iron, MN Iron, MN
    Biwabik Mixed-Use Investment Opportunity
    Updated: Oct 13, 2024
    Biwabik Mixed-Use Investment Opportunity

    400 Main Street S, Biwabik, MN 55708

    $950,000
    3,304 sqft
    Prime location on Main Street in Biwabik, MN, near Giants Ridge, offering high visibility and traffic (4400 cars/day).
    Versatile mixed‑use property with 3 updated apartments (including furnishings) and 2 commercial spaces, providing multiple income streams.
    Extensive recent upgrades including new plumbing, electrical, heat distribution, windows, ventilation, insulation, and solar panels, ensuring energy efficiency and reduced maintenance.
    Turnkey coffee shop space (750 sq. ft.) with new commercial appliances and high street visibility, ready for customization.
    Upgraded 1000 sq. ft. detached commercial space with new roof (2022), solar PV system, radiant floor heating, and Arctic Heat Pump system.
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    This listing looks promising.

    Here's a quick look at some key insights for

    400 Main Street S, Biwabik, MN 55708

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $75K
      Annual

    • Price @ 7% Cap

      $1.07M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1990
    View Property Analytics
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Biwabik, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Property with Elevator Shaft
    Mixed-Use Property with Elevator Shaft

    1309 Tower Ave, Superior, WI 54880

    $499,900
    13,850 sqft 0.16 AC lot

    State-approved plans support 13,850 SF finishable space with an elevator shaft and major infrastructure upgrades.

    View details
    Freestanding Mixed-Use Building
    Freestanding Mixed-Use Building

    401 E Sheridan St, Ely, MN 55731

    $395,000
    4,820 sqft

    Freestanding building with operational ground-floor retail and an upstairs four-bedroom apartment with private deck and detached garage.

    View details
    Versatile Mixed-Use Commercial Building
    Versatile Mixed-Use Commercial Building

    507 Tower Ave, Superior, WI 54880

    $399,900
    1,800 sqft

    Historic building with retail, office, and garage space.

    View details
    Retail Building with Dual Income
    Retail Building with Dual Income

    120 E Sheridan Street, Ely, MN 55731

    $219,000
    2,994 sqft

    Commercial building offers four display windows, off-street parking, divisible retail, and two 1-bedroom apartments.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Recreational Land Near Simm's Lake
    Recreational Land Near Simm's Lake

    119-xx East County Road Y, Gordon, WI 54838

    Contact for pricing
    0.25 AC lot

    Land parcel in recreational area near lakes and ATV trails.

    View details
    Recreational Land Parcel
    Recreational Land Parcel

    119XX E County Rd Y, Gordon, WI 54838

    Contact for pricing
    0.28 AC lot

    A 0.28-acre wooded parcel near lakes and ATV trail riding, suited for a cabin or camper setup.

    View details
    Land Near Lake Superior
    Land Near Lake Superior

    1306 Lake Shore Dr W, Ashland, WI 54806

    Contact for pricing

    Land with lake views and utilities in Ashland, Wisconsin.

    View details
    Versatile Land with Commercial Potential
    Versatile Land with Commercial Potential

    11317 West Bethel Road, Hayward, WI 54843

    $350,000
    15.00 AC lot

    15 acres with commercial and recreational opportunities near Hayward, Wisconsin.

    View details

    Off-Market Properties in Biwabik, MN

    Consider similar Off-Market properties in Biwabik, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    400 Main St
    Mixed-use properties

    400 Main St, Biwabik, MN 55708

    Value Estimation by Request
    3,304 sqft 0.17 AC lot
    View details

    Biwabik, MN Mixed-Use Properties Market Trends and Statistics

    Explore 2 mixed-use properties for sale in Biwabik, MN on our real estate platform. These investment opportunities span a total of 3,304 square feet of properties for sale, with an estimated market value of $950,000.

    Sale prices for multi use buildings in Biwabik, MN average $950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Live-work space 1

    Demographics Overview

    Population 4,098
    Population Growth (5Y) -1.6%
    Median Household Income $57,119
    College Educated 32.3%

    High-Yield Neighborhoods for Investment

    Identify Biwabik submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55708 $950K

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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