Property profile

219 Bemidji Ave Bemidji, MN 56601

OFF-MARKET
Land
Built 1910
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Property summary

AI-generated overview

This exceptional 1,272 square foot commercial land parcel, located at 219 Bemidji Avenue N in Bemidji, Minnesota, presents a unique investment opportunity. The property, built in 1910, boasts a highly desirable location across from Paul and Babe, ensuring high visibility and foot traffic. Previously home to a successful ice cream shop (operating from mid-April to early October), the site benefits from a loyal customer base and established business history. The shop, licensed by the Minnesota Department of Health, offered a diverse menu including super-premium ice cream, sherbets, vegetarian-friendly Italian ices, non-dairy options, and gluten-free choices. Mini donuts were also sold. The interior comfortably seated 30 patrons, with additional limited outdoor seating. The property's prime location in Bemidji, a thriving community with strong support for arts, sports, and education (including four colleges and a great school system), offers significant potential for a variety of commercial ventures. The zip code is 56601. This is a rare chance to acquire a well-situated commercial lot in a vibrant Minnesota city. The asking price is $155,000.

Property profile

Verified
Property type Land
Year built 1910

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

219 Bemidji Ave Bemidji, MN 56601
Bemidji metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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