Bemidji Federal Building 522 Minnesota Ave 50,499 SF Vacant Office Building Bemidji, MN 56601 $1,200,000 ($23.76/SF)



INVESTMENT HIGHLIGHTS
- Solid Building great for Mixed Use
- Housing Redevelopment
- Potential Boutique Hotel
EXECUTIVE SUMMARY
Attention Investors, Visionaries and Serious Developers! Discover the potential of the historic “Federal Building” in the heart of Bemidji, a vibrant regional hub in northern Minnesota. This city, with a greater area population exceeding 100,000 residents, offers a unique blend of small-town charm and big-city amenities. Situated in Bemidji, a bustling college town with a thriving community, the Federal Building is conveniently located near an airport with daily flights to Minneapolis/St. Paul and some of the fastest internet in the country. The building itself is a testament to timeless elegance, featuring a solid brick and granite exterior. It boasts four above-ground floors, complemented by a lower level that houses offices and mechanicals. This 50,000 Sq Ft, multi-floor structure is handicap accessible and includes an elevator, ensuring ease of access for all. Inside, the tall ceilings and numerous windows create an open and spacious feel, making it an inviting space for many purposes. There are about 28 parking spaces in the lot as well. This handsome building is easily adaptable for a range of uses including a startup company, co-working space, or consider a transformation into a modern business hub. With its prime location and robust infrastructure, the Federal Building is poised to become a cornerstone of Bemidji’s future. Exceptional opportunity to invest in a property with numerous possibilities. Priced to accommodate re-purposing or restore to its original splendor. Must see to appreciate. Schedule your viewing today.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
50,499 SF
Building Class
C
Year Built
1959
Price
$1,200,000
Price Per SF
$23.76
Percent Leased
Vacant
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
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
Parcel Number | 80.00964.00 | Improvements Assessment | $867,900 |
Land Assessment | $268,800 | Total Assessment | $1,136,700 |