7209 Fairgrounds NW Rd, Bemidji, MN 56601
This exceptional commercial property, located at 7209 Fairgrounds Road NW in Bemidji, Minnesota, presents a unique investment opportunity. The property encompasses a substantial 87,120 square foot lot and includes a retail building constructed in 1998. Its strategic location adjacent to the Beltrami County Fairgrounds offers high visibility and accessibility from Highway 71 North. The existing building, previously operated as The North Country Trading Post, boasts over 9,000 square feet of space, featuring multiple service garage doors. The sale includes thousands of dollars worth of existing inventory. The building's second floor offers potential for conversion into an apartment, with existing plumbing for a bathroom already in place. Adding to the property's versatility is a three-bedroom, two-bathroom manufactured home situated on the lot, providing convenient living quarters. The asking price for this remarkable property is $399,000. This property is ideal for a variety of uses, from continuing the existing retail operation to establishing a new retail business or developing a rental storage facility. Its size, location, and existing infrastructure make it a highly attractive investment opportunity in the thriving Bemidji market. The property's zip code is 56601.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.