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    OFF-MARKET
    Retail space

    7209 Fairgrounds NW Rd, Bemidji, MN 56601

    1,890 SF 2 ac lot Built 1988
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US46-2391072
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1988
    Total area 1,890 SF
    Lot 2 ac (87,120 SF)
    APN 31.00443.01
    UPID US46-2391072
    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
    Kringen LLC · 1 yrs held
    Kringen LLC
    since 2025
    1 recorded transaction
    2025
    $320,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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