205 Beltrami NW Ave, Bemidji, MN 56601-4007

This unique 1883 Bemidji property at 205 Beltrami Avenue NW offers a compelling investment opportunity. Situated on a 3,484.8 square foot lot, this building boasts a striking Chicago brick exterior and is ideally located within walking distance of downtown amenities. The property features three upper-level apartments; one is currently leased for $830 per month, one is owner-occupied, and one is vacant. On the ground floor, three commercial spaces generate additional income. Space 205 (22 ft wide x 30 ft deep), currently owner-occupied, previously housed a salon and tanning/skincare business. Space 207 (18 ft x 28 ft) is leased for $550 per month, and space 209 (16 ft x 32 ft with 11 ft ceilings) operates as a record shop, generating $850 in monthly rent. The building's versatility allows for diverse uses, limited only by the buyer's vision. A recently installed natural gas boiler helps manage winter heating costs, and each unit has its own electric meter and backup electric heat. This mixed-use property presents a rare chance to acquire a historic building with established rental income in a vibrant downtown location. The property is zoned for commercial, storefront, restaurant, warehouse, executive office, and residential uses.