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    OFF-MARKET
    Strip malls

    2300 24th NW St, Bemidji, MN 56601-6379

    9,000 SF 1.87 ac lot Built 2006
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US46-2572710
    Property summary
    AI-generated overview

    This exceptional Class A commercial property, located at 2300 24th St NW in Bemidji, Minnesota, 56601, offers a prime opportunity for businesses seeking flexible and modern office space. The 17,018 square foot building, constructed in 2006, features multiple suites ranging from 1,809 to 5,650 contiguous square feet, with a total of 5 suites available. Currently, 7,459 square feet are vacant, providing significant space for expansion or multiple tenants. The property is categorized as Retail, Office, and Special Purpose, suitable for Executive Office, Medical Office, or Traditional Office uses. The 0.67-acre lot provides ample parking with 130 spaces available for tenants and clients. The building boasts convenient access from Highways 2 and 71, placing it in a high-traffic area with excellent visibility. Its strategic location directly south of Home Depot and near numerous medical providers, big-box retailers (Target, Menards, Walmart), and other medium-box retailers ensures high foot traffic and brand recognition. Power is supplied by Ottertail. Pylon signage opportunities are available, enhancing visibility and brand awareness. This property presents a rare opportunity to establish a thriving business in a dynamic and growing commercial neighborhood.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2006
    Construction FRAME
    Total area 9,000 SF
    Lot 1.87 ac (81,420 SF)
    APN 80.05235.00
    UPID US46-2572710
    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
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    Blend (final) Blend
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    Owner & transaction history
    Icelandic Properties LLC · 9 yrs held
    Icelandic Properties LLC
    since 2017
    1 recorded transaction
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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