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    Property profile & analytics
    OFF-MARKET Estimated value $825,000
    Retail space

    1788 Paul Bunyan NW Dr, Bemidji, MN 56601-4106

    6,640 SF 1.29 ac lot Built 1977
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US46-2149262
    Property summary
    AI-generated overview

    This exceptional 6,700 square foot commercial property, located at 1788 Paul Bunyan Dr NW in Bemidji, Minnesota (zip code 56601), presents a unique leasing opportunity. The space is ideally suited for a variety of uses, including traditional office, coworking, executive office, medical office, and creative office tenants. The property features a single tenancy layout with 4,320 square feet of retail/office space seamlessly connected to a 2,380 square foot heated shop and storage area. This expansive space boasts a well-appointed kitchenette, built-out offices, a bathroom, and updated lighting throughout, offering a truly turnkey solution for prospective tenants. The property enjoys a highly visible location on a major roadway in Bemidji, providing excellent accessibility and exposure. Its proximity to prominent retailers such as Starbucks, Target, and Walmart ensures high traffic and visibility. The property is situated in Beltrami County. Floor covering and tenant improvement allowances are negotiable. This presents a rare opportunity to secure a versatile and well-equipped commercial space in a thriving Bemidji location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1977
    Construction WOOD
    Total area 6,640 SF
    Lot 1.29 ac (56,250 SF)
    APN 80.03018.01
    UPID US46-2149262
    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
    AI Approach AI
    $825k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $638k
    Blend (final) Blend
    $825k
    Owner & transaction history
    Bemidji Management Company LLC · 2 yrs held
    Bemidji Management Company LLC
    since 2024
    Last sale
    $825,000
    2 recorded transactions
    2024
    $825,000
    2014
    $646,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Apartment house (5+ units) $1.4M +215.5%
    Office building $900,000 +109.0%
    Commercial (general) $560,000 +30.5%
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