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    Property profile & analytics

    311 3rd NW St Bemidji, MN 56601-3136

    • Retail space
    • 2,280 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Last Sale
    Aug 07, 2024
    $265,000
    Location Intelligence
    Property ID
    US46-2196393
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 311 3rd NW St

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    2,280 SF
    Property type
    Retail space
    APN
    80.01064.00
    APU
    800106400

    Description

    This exceptional commercial property at 311 3rd Street NW in Bemidji, Minnesota, presents a unique investment opportunity. Built in 1920, this property boasts a generous 3,920.4 square foot lot and offers a blend of commercial and residential space. The main floor, previously used as retail space, is adaptable to a variety of commercial uses, benefiting from its prime downtown location with high foot traffic. The property includes convenient off-street parking, a significant advantage in a bustling downtown area. Adding to its appeal is a sizable outdoor area featuring mature apple trees, providing a tranquil and inviting space for outdoor enjoyment. Upstairs, a charming three-bedroom apartment features high ceilings and stunning views overlooking the city, offering potential for rental income or owner occupancy. Located in Beltrami County, with a 56601 zip code, this property is situated in the heart of Bemidji's vibrant downtown core. The combination of commercial space, residential potential, and desirable outdoor features makes this a truly exceptional property. Its historical character and modern adaptability make it an ideal investment for entrepreneurs and savvy business owners alike. The property's location offers unparalleled access to the city's amenities and provides a strong foundation for future growth and success.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $300,000
      6.5%
      $310,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $270,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $315,000
      Mixed-Use
      $315,000
      Hospitality
      $325,000
      Educational
      $325,000
      Residential Income
      $295,000
      Energy
      $290,000
      Income-Based Land
      $325,000
      Food Service
      $305,000

    Location Insight

    • Map
    • Local Demand
    City
    Bemidji
    County
    Beltrami
    State
    Minnesota
    Longitude
    -94.8834
    Latitude
    47.4708
    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
    $2,622
    $33,600
    $115,200
    $148,800
    -
    $33,600
    $115,200
    $148,800

    Comparable in this City

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      1,250 SF

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    • Value Estimation by Request
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      500 Paul Bunyan NW Dr

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    • Value Estimation by Request
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      824 Washington S Ave

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      824 Washington S Ave, Bemidji, MN 56601-3449
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    • Value Estimation by Request
      14,400 SF

      2219 Paul Bunyan NW Dr

      RETAIL STORES (PERSONAL SERVICES) • 14,400 SF
      2219 Paul Bunyan NW Dr, Bemidji, MN 56601-6188
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    • Value Estimation by Request
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      600 Paul Bunyan S Dr

      RETAIL STORES (PERSONAL SERVICES) • 35,583 SF
      600 Paul Bunyan S Dr, Bemidji, MN 56601-3254
      View Details
    • Value Estimation
      $370,000
      3,125 SF

      313 Beltrami NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,125 SF
      313 Beltrami NW Ave, Bemidji, MN 56601-3104
      View Details

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    311 3rd NW St
    Bemidji, MN 56601-3136
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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