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    Biwabik, MN
    Residential Income

    Biwabik, MN Residential Income Properties for Sale

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    Aurora, MN Gilbert, MN Virginia, MN
    Biwabik Mixed-Use Investment Opportunity
    Updated: Oct 13, 2024
    Biwabik Mixed-Use Investment Opportunity

    400 Main Street S, Biwabik, MN 55708

    $950,000
    3,304 sqft
    Prime location on Main Street in Biwabik, MN, near Giants Ridge, offering high visibility and traffic (4400 cars/day).
    Versatile mixed‑use property with 3 updated apartments (including furnishings) and 2 commercial spaces, providing multiple income streams.
    Extensive recent upgrades including new plumbing, electrical, heat distribution, windows, ventilation, insulation, and solar panels, ensuring energy efficiency and reduced maintenance.
    Turnkey coffee shop space (750 sq. ft.) with new commercial appliances and high street visibility, ready for customization.
    Upgraded 1000 sq. ft. detached commercial space with new roof (2022), solar PV system, radiant floor heating, and Arctic Heat Pump system.
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    This listing looks promising.

    Here's a quick look at some key insights for

    400 Main Street S, Biwabik, MN 55708

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $75K
      Annual

    • Price @ 7% Cap

      $1.07M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1990
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Biwabik, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Well-Maintained Duplex in Eveleth
    Well-Maintained Duplex in Eveleth

    612 Adams Ave, Eveleth, MN 55734

    $107,900
    1,822 sqft

    Eveleth duplex with two units, each featuring two bedrooms.

    View details
    Updated Duplex Residential Property
    Updated Duplex Residential Property

    119 8th St. S, Virginia, MN 55792

    $35,000
    2,012 sqft

    Duplex in Virginia, MN with hardwood flooring and partial updates, offering flexibility for an owner-occupant or investor.

    View details
    Historic Bar and Apartment Building
    Historic Bar and Apartment Building

    301 Grant Ave, Eveleth, MN 55734

    $79,000
    3,200 sqft

    Historic Iron Range building with bar and apartment in Eveleth.

    View details
    Two-Unit One-Bedroom Duplex
    Two-Unit One-Bedroom Duplex

    201 2nd Street S, Virginia, MN 55792

    $99,900
    1,894 sqft · 0.09 AC lot

    Split upper and main duplex offers two updated one-bedroom units with in-unit comfort, laundry access, and parking off the alley.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Lakefront Development Lot
    Lakefront Development Lot

    Bass Lake Rd, Gilbert, MN 55741

    $224,900
    1.48 AC lot

    Heavily wooded Bass Lake lot with private shoreline and utilities available at the street for new construction.

    View details
    Waterfront Residential Land Parcel
    Waterfront Residential Land Parcel

    Bass Lake Road, Gilbert, MN 55741

    $224,900
    1.48 AC lot

    Heavily wooded waterfront parcel with approximately 200 feet of private shoreline and electric service available at the street.

    View details
    Heavily Wooded 10-Acre Lot
    Heavily Wooded 10-Acre Lot

    N Moon Lake Drive, Eveleth, MN 55734

    $70,000
    10.00 AC lot

    10-acre lot on Moon Lake with southern exposure.

    View details
    Aurora, MN Hunting Land
    Aurora, MN Hunting Land

    Deer Forest Rd, Aurora, MN 55705

    $108,000
    40.00 AC lot

    40 acres of wooded hunting land near state land.

    View details

    Biwabik, MN Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Biwabik, MN on our real estate platform. These investment opportunities span a total of 3,304 square feet of properties for sale, with an estimated market value of $950,000.

    Sale prices for residential income properties in Biwabik, MN start at $950,000, averaging $950,000, and reaching up to $950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Multifamily properties 1

    Demographics Overview

    Population 4,098
    Population Growth (5Y) -1.6%
    Median Household Income $57,119
    College Educated 32.3%

    High-Yield Neighborhoods for Investment

    Identify Biwabik submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55708 $950K

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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