23rd 23Rd St Bemidji, MN 56601
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).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.