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Property profile & analytics
OFF-MARKET
Land

23rd 23Rd St Bemidji, MN 56601

Property ID
Property summary
AI-generated overview

This exceptional 24,375 square foot commercial land parcel presents a remarkable development opportunity in Bemidji, Minnesota. Located at xx 23rd Street NW, 56601, this property boasts a highly desirable location within a thriving commercial area. The lot is zoned for commercial use, offering flexibility for a variety of businesses. Its strategic position provides easy access from Highway 2, placing it within close proximity to a significant concentration of retail establishments. Nearby businesses include Home Depot, Target, Menards, and Walmart, along with numerous medical providers and other retailers. This prime location makes it ideal for expanding an existing business or establishing a new office, service, or medical facility. The site offers convenient access to essential utilities, including broadband, electricity, sewer, and water. Underground utilities are also available. The seller is open to build-to-suit options, making this an even more attractive proposition for potential buyers. With its size, location, and potential, this property represents a compelling investment opportunity in a rapidly growing commercial neighborhood. The lot size is 0.56 acres (24,375 square feet).

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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