809 Paul Bunyan DrBemidji, MN 56601

  • Office properties
  • 2,646 SF
For Lease

Property Details for 809 Paul Bunyan Dr

Year built
1990
Construction
WOOD
Lot size
0.57 AC
Property size (Sq ft)
2,646 SF
Property type
Office properties
Property subtype
Office buildings
APN
80.00828.00
APU
800082800

Description

This exceptional commercial property, located at 809 Paul Bunyan Drive South in Bemidji, Minnesota (zip code 56601), offers 1,632 square feet of office space situated on a 0.59-acre lot. The property is zoned for Business/Commercial use (APN 800082800) and features a single-tenant occupancy. The building boasts a fantastic location at the south end of Lake Bemidji, providing stunning water views and high visibility due to its placement on a busy section of Paul Bunyan Drive. The interior comprises four cubicle work areas, one enclosed private office, and another partially open office space. Amenities include two bathrooms, prominent signage space for tenant branding, and up to six parking spots. The lower-level office space is fully finished and ready for immediate occupancy. Lease terms include heat, electricity, building insurance, lawn care, and snow removal. This is a rare opportunity to secure a highly desirable commercial space in a prime Bemidji location.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $486,481
    6.5%
    $449,059
    7%
    $416,984
  • Comparable approach

    Method
    Valuation
    Relative Method
    $135,052
    Geo Method
    $135,052
  • Alternative Use

    Use
    Valuation
    Residential
    $556,833
    Hospitality
    $510,056
    Educational
    $424,361
    Medical
    $438,955
    Retail
    $660,117
809 Paul Bunyan Dr, Bemidji, Minnesota
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Location Insight

City
Bemidji
County
Beltrami
State
Minnesota
Latitude
47.4644
Longitude
-94.8697
CBSA code
13420
CBSA name
BEMIDJI, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$18,604
$414,700
$289,100
$703,800
-
$414,700
$289,100
$703,800

FAQs

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