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    Property profile & analytics
    OFF-MARKET
    Retail space

    311 3rd NW St, Bemidji, MN 56601-3136

    2,280 SF 0.19 ac lot Built 1920
    Individually Owned 1-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
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    Owner & transaction history
    Kanvadi Jirayoorathchai · 1 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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