750 Paul Bunyan Dr Bemidji, MN 56601
- High-rise multifamily apartments
- 1,200 SF
- 1.33 lot acres
Current Use by Public Records
- High-rise multifamily apartments
Property Details for 750 Paul Bunyan Dr
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 1.33 lot acres
- Property size
- 1,200 SF
- Property type
- High-rise multifamily apartments
- APN
- 80.00078.00
- APU
- 800007800
Description
This exceptional 1.02-acre commercial property located at 750 Paul Bunyan Drive NW, Bemidji, Minnesota, 56601 presents a unique investment opportunity. The property boasts a substantial 11,290 square foot building, currently configured for automotive service, and entirely vacant as of September 30, 2024. The building features three garage/service doors – two measuring 18 feet wide by 12 feet high, and one 10 feet by 10 feet – along with a shared, secure loading dock. This versatile space offers significant potential for a variety of commercial uses. Beyond the main service area, an additional 5,610 square feet of space is available, suitable for retail or warehouse/storage purposes. The property is zoned for Business/Commercial use and includes ample parking with 46 spaces. Built in 1960, this property benefits from a high-traffic location just off Paul Bunyan Drive NW, with frontage on Delton Avenue NW, directly across from Country Kitchen. The Beltrami County location provides easy access to major transportation routes and a thriving local market. The property's size, location, and existing infrastructure make it an ideal candidate for redevelopment or continued use as a commercial space. The APN is TBD.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,795,000
- 6.5%
- $1,760,000
- 7%
- $1,610,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,465,000
- Geo Method
- $1,730,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,535,000
- Retail
- $1,335,000
- Mixed-Use
- $1,715,000
- Hospitality
- $1,265,000
- Educational
- $1,540,000
- Residential Income
- $1,295,000
- Energy
- $1,430,000
- Income-Based Land
- $1,265,000
- Food Service
- $1,680,000
Location Insight
- Map
- Local Demand
- City
- Bemidji
- County
- Beltrami
- State
- Minnesota
- Longitude
- -94.8912
- Latitude
- 47.4907
- CBSA code
- 13420
- CBSA name
- BEMIDJI, MN MICROPOLITAN STATISTICAL AREA
