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 23rd Street NW, 56601, this property boasts convenient access to major transportation arteries, including Highways 2 and 71. Its strategic location places it directly south of a Home Depot, ensuring high visibility and proximity to a thriving commercial hub. The area is densely populated with a variety of businesses, including numerous medical providers, big-box retailers such as Target, Menards, and Walmart, as well as numerous medium-sized retailers. This prime location offers unparalleled potential for a wide range of commercial ventures, making it ideal for businesses seeking to establish a new presence or expand their existing operations. The property is zoned for commercial use and features underground utilities, including available broadband, electricity, and sewer. The seller is open to build-to-suit options, offering flexibility and customization for prospective buyers. This 0.56-acre lot represents a rare opportunity to acquire a highly desirable commercial property in a rapidly growing area. The asking price is $95,000.
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
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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.