824 Paul Bunyan S Dr, Bemidji, MN 56601-3220
Exceptional opportunity to acquire a thriving, established fine-dining restaurant and accompanying land parcel in the heart of Bemidji, Minnesota. This 1.12-acre property (APN 800085100), zoned Business/Commercial, boasts a substantial building totaling 6,950 square feet (6,100 sq ft main level, 850 sq ft upper level). Currently operating as a single-tenant restaurant, the property features a main floor dining area, cocktail lounge, fully equipped commercial kitchen with walk-in coolers, upstairs dining space, a private meeting room, office, and two outdoor patios. The building, constructed in 1975 and extensively renovated in 2008 (including a second-story addition), offers inside seating for 230 patrons and is equipped with a sprinkler system and is handicapped accessible with grab bars in the restrooms. Ample parking is available with over 80 stalls. The property benefits from a high-traffic location on Paul Bunyan Drive SE, experiencing over 20,000 vehicles daily, and enjoys stunning views of Lake Bemidji. The covered entryway leads to a spacious waiting area featuring a fireplace. This turnkey operation serves a regional market of over 100,000 people, offering a strong foundation for continued success. The property's elegant decor, extensive wine selection, and renowned seafood menu contribute to its established reputation.
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
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.