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522 Minnesota Ave
Bemidji, MN 56601

Bemidji Federal Building · Office Property For Sale

Investment Highlights

  • The Seller is motivated and is willing to consider all offers. Seller financing is available for qualified prospects.
  • 100% vacant and offered "as-is" at well below replacement cost and at a substantial discount to market value
  • 2020 Assessed Value: $8,307,900; Seller financing is available for qualified prospects
  • ±50,499 square foot brick and granite multi-level redevelopment opportunity in the heart of Bemidji, MN.
  • Eligible for both Federal (20% of uncapped construction costs) and State (10% of 25% on uncapped construction costs) Historic Tax Credits. These incen
  • The Property has been partially gutted in preparation for renovation. This is an ideal property for multifamily conversion.

PROPERTY FACTS

Property Type
Office
Property Subtype
Office/Residential
Building Size
50,499 SF
Building Class
C
Year Built
1959
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
12,625 SF
Building FAR
1.81
Lot Size
0.64 AC
Zoning
Urban Renaissance - Downtown area; multi use.
Parking
28 Spaces (0.55 Spaces per 1,000 SF Leased)

Amenities

  • Atrium
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
80.00964.00
Land Assessment
£213,809
Improvements Assessment
£690,345
Total Assessment
£904,154
  • Listing ID: 28193915

  • Date on Market: 10/04/2023

  • Last Updated:

  • Address: 522 Minnesota Ave, Bemidji, MN 56601

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