400 Main St Biwabik, MN 55708
- Retail space
Current Use by Public Records
- Green Bean Coffeehaus / Coffee Shop
- Honk the Moose Playground / Playground
- Green Gate Gasthaus / Lodging
- 4th & Main Barber SHop / Barber Shop
Property Details for 400 Main St
- Year built
- 1920
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional mixed-use property in Biwabik, Minnesota, presents a unique investment opportunity. Located on Main Street, just miles from Giants Ridge Golf and Ski Resort, this updated building offers a blend of residential and commercial spaces. The property boasts three revenue-generating apartments, each featuring refinished hardwood floors, new kitchens with quartz countertops and stainless steel appliances, elegantly tiled bathrooms, and unique decorative elements. All furnishings are included. Two commercial spaces are also available, including a nearly completed 750 sq ft coffee shop with new commercial appliances (installation pending). Recent extensive upgrades include new plumbing and electrical service, a new heat distribution system, windows, whole-building ventilation, spray foam insulation, solar panels, and drywall. The 6,969.6 sq ft lot also includes a private outdoor hardscape patio. Built in 1920, this versatile building is ideal for short-term or long-term rentals, retail, or office use. A laundry center is also on-site. This sustainable and profitable investment opportunity combines prime location with significant recent improvements, offering a compelling return. The asking price is $950,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Biwabik
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.3436999
- Latitude
- 47.5327527
