522 Minnesota Ave | Bemidji, MN 56601
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- LoopNet Team
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
Building Height
4 Stories
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
| Parcel Number | 80.00964.00 | Improvements Assessment | $867,900 |
| Land Assessment | $268,800 | Total Assessment | $1,136,700 |
PROPERTY TAXES
Parcel Number
80.00964.00
Land Assessment
$268,800
Improvements Assessment
$867,900
Total Assessment
$1,136,700
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