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    Biwabik, MN
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    Biwabik, MN Multifamily Properties for Sale

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    Aurora, MN Gilbert, MN Virginia, 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 9 Potential Opportunities for your consideration. Besides 1 Active listings in Biwabik, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Well-Maintained Duplex in Eveleth
    Well-Maintained Duplex in Eveleth

    612 Adams Ave, Eveleth, MN 55734

    $107,900
    1,822 sqft

    Eveleth duplex with two units, each featuring two bedrooms.

    View details
    Eveleth Commercial Property For Sale
    Eveleth Commercial Property For Sale

    223 Grant Avenue, Eveleth, MN 55734

    $299,500

    Commercial property with restaurant, bar, banquet facilities, and apartments.

    View details
    Updated Duplex Residential Property
    Updated Duplex Residential Property

    119 8th St. S, Virginia, MN 55792

    $35,000
    2,012 sqft

    Duplex in Virginia, MN with hardwood flooring and partial updates, offering flexibility for an owner-occupant or investor.

    View details
    Two-Unit One-Bedroom Duplex
    Two-Unit One-Bedroom Duplex

    201 2nd Street S, Virginia, MN 55792

    $99,900
    1,894 sqft · 0.09 AC lot

    Split upper and main duplex offers two updated one-bedroom units with in-unit comfort, laundry access, and parking off the alley.

    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.

    Aitkin Lots & Land
    Aitkin Lots & Land

    L 3&4 B3 London Town, Aitkin, MN 56431

    Contact for pricing
    0.14 AC lot

    Double lot in Sherwood Forest with shared amenities.

    View details
    Development Land Off Freeway
    Development Land Off Freeway

    101 Morris Avenue, Hinckley, MN 55037

    $799,000
    9.20 AC lot

    Multi-purpose acreage near the freeway offers flexibility for a range of development concepts.

    View details
    Residential Land in Lakes Country
    Residential Land in Lakes Country

    30371 Old Sunset Drive, Laporte, MN 56461

    $109,900
    10.00 AC lot

    10 acres near lakes with well, septic, and electric.

    View details
    Land for Multi-Family Housing
    Land for Multi-Family Housing

    1610 7th Avenue E, Alexandria, MN 56308

    $249,900
    2.16 AC lot

    2.16 acre lot zoned for multi-family housing development.

    View details

    Biwabik, MN Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily 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 multifamily properties in Biwabik, MN start at $950,000, averaging $950,000, and reaching up to $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

    Apartment buildings 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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