702 5th NW St Bemidji, MN 56601-2976
This well-maintained commercial office building, located at 702 5th Street NW in Bemidji, Minnesota, presents a fantastic investment opportunity. Built in 1981, the property sits on a generous 8,276.4 square foot lot and offers excellent visibility due to its high-traffic frontage. The interior comprises three private offices, a reception area with a desk, and a recently updated breakroom. The breakroom features brand new cabinets, a refrigerator, and a table with chairs. The building's bathroom has also undergone a complete renovation, boasting new fixtures. This property is ideal for a variety of businesses seeking a well-established and conveniently located office space in the heart of Bemidji. The asking price is $199,900. The property's zip code is 56601, and it is situated in Beltrami County. The property is classified as both Commercial and Executive Office space. This is a rare opportunity to acquire a turn-key office building in a desirable location. The property's excellent condition and convenient amenities make it an attractive option for businesses seeking a productive and comfortable workspace. The building's strategic location ensures high visibility and accessibility for clients and employees alike. Don't miss this chance to own a piece of Bemidji's thriving commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.