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    Biwabik, MN
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    Biwabik, MN Retail Space for Sale

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    Aurora, MN Gilbert, MN Virginia, MN Embarrass, MN Eveleth, MN Hoyt Lakes, MN Mountain Iron, MN Iron, 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 7 Potential Opportunities for your consideration. Besides 1 Active listings in Biwabik, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 1 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.

    Retail Home Goods Storefront
    Retail Home Goods Storefront

    303 Main Street, Tower, MN 55790

    $250,000
    2,400 sqft

    Nordic-inspired home goods boutique offered for sale along a busy state corridor near BWCAW access.

    View details
    Live-Work Building with Office
    Live-Work Building with Office

    507 Main St, Tower, MN 55790

    $159,000
    1,512 sqft

    Downtown live-work building with main-floor office/retail space, large windows, and a 3-bedroom residence above.

    View details
    Live-Work Commercial Building
    Live-Work Commercial Building

    1800 9th Ave N, Virginia, MN 55792

    $129,000

    Commercial building with an upper two-bedroom, one-bath apartment and flexible ground-floor space.

    View details
    Established Sporting Goods Business For Sale
    Established Sporting Goods Business For Sale

    105 N 3rd Ave, Virginia, MN 55792

    $329,000
    5,476 sqft

    Turn-key sporting goods business with inventory, building, and land.

    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.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

    View details

    Off-Market Properties in Biwabik, MN

    Consider similar Off-Market properties in Biwabik, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    400 Main St
    Individual retail properties

    400 Main St, Biwabik, MN 55708

    Value Estimation by Request
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    Biwabik, MN Retail Space Market Trends and Statistics

    Explore 2 retail space 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 retail space in Biwabik, MN average $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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    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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