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Property profile & analytics
OFF-MARKET Estimated value $265,000
Retail space

311 3rd NW St Bemidji, MN 56601-3136

2,280 SF 0.19 ac lot Built 1920
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US46-2196393
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction WOOD
Total area 2,280 SF
Lot 0.19 ac (8,400 SF)
APN 80.01064.00
UPID US46-2196393
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
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k
Owner & transaction history
Kanvadi Jirayoorathchai · 2 yrs held
Kanvadi Jirayoorathchai
since 2024
Last sale
$265,000
2 recorded transactions
2024
$265,000
2007
$170,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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