Incredible Redevelopment Opportunity: The Bemidji Federal Building

For Sale

522 Minnesota Ave NW, Bemidji, MN 56601

This Bemidji property for sale is located at 522 Minnesota Ave NW. The general use of Incredible Redevelopment Opportunity: The Bemidji Federal Building is office and it incorporates 50,499 square feet of class C office space. The current listed sale price for Incredible Redevelopment Opportunity: The Bemidji Federal Building is Subject To Offer. Incredible Redevelopment Opportunity: The Bemidji Federal Building is situated on a lot that is 0.64 acre in size.

Contacts

broker

Edward Rupp

SVN | Northco

(952) 820-1634

Property Details

  • Property Type Office - General Office
  • Property Size 50,499 SF
  • Lot Size 0.64 Acre
  • Building Class C
  • Year Built 1959
  • Year Renovated 2008
  • Date Updated May 6, 2024
The Property is positioned in the CBD of downtown Bemidji and just blocks from lake Bemidji. Situated in the commercial and cultural heart of the city. Bemidji is the largest city in Beltrami County with approximately 15,000 inhabitants and offers abundant opportunities for outdoor recreation such as fishing, boating, and swimming. It is also home to the Mississippi River's headwaters, a popular tourist destination. The city has a thriving arts community, with several art galleries, theaters, and music venues. It is also home to Bemidji State University, which provides education to over 5,000 students. Bemidji has a a strong retail sector and a diverse range of industries including healthcare, education, manufacturing, and tourism.SVN | Northco is pleased to present for sale 522 Minnesota Ave NW in Bemidji, Minnesota, better known as the Bemidji Federal Building ("Property"). The Property is a ±50,499 office building that is a fantastic redevelopment opportunity in the heart of downtown Bemidji. Bemidji has a thriving arts community as well as a strong retail sector, and the City has a diverse range of industries including healthcare, education, manufacturing, and tourism. It is also home to Bemidji State University and its 5,000+ students, and the school's campus is in close proximity to the Property. The Property is eligible for Federal Historic Tax Credits, and State Historic Tax Credits, which are stackable. The Property has ben partially gutted in preparation for renovation. This is an ideal property for multifamily conversion. Seller financing is available for qualified prospects. The Property is positioned in the CBD of downtown Bemidji and is just blocks from Lake Bemidji and Bemidji State University. Bemidji is the largest city in Beltrami County with approximately 15,000 inhabitants and offers abundant opportunities for outdoor recreation such as fishing, boating, swimming, and more. It is also home to the Mississippi River's headwaters, a popular tourist destination.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • The Seller is motivated and is willing to consider all offers.
  • The Property has been partially gutted in preparation for renovation. This is an ideal property for multifamily conversion
  • ±50,499 square foot brick and granite multi-level redevelopment opportunity in the heart of Bemidji, MN
  • 100% vacant and offered "as-is" at well below replacement cost and at a substantial discount to market value
  • Eligible for both Federal (20% of uncapped construction costs) and State (10% of 25% on uncapped construction costs) Historic Tax Credits. These incentives can be stacked.
  • Situated in the commercial and cultural heart of the City and only two blocks from Lake Bemidji and under one mile to Bemidji State University
  • 2020 Assessed Value: $8,307,900

Attachments

Getting around

  • 79/100

    Walk Score ®

  • 73/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Bemidji, MN
  • Neighborhood Bemidji
  • Zip Code 56601

Points of Interest

  • Clark

    0.13 miles

  • Tesoro

    0.15 miles

  • Holiday

    1.03 miles

  • Dicks Northside Petrol

    1.18 miles

  • Cenex

    2.22 miles

  • Tesoro

    2.27 miles

  • Arco

    3.17 miles

  • Cenex

    3.31 miles

  • Goldpine Home Parking

    1.94 miles

  • Parking Lot, Bemidji Slough WMA

    3.40 miles

  • Lake Bemidji State Park

    5.17 miles

  • Lake Bemidji Bed & Breakfast

    0.34 miles

  • Hampton Inn

    0.95 miles

  • Hampton Inn and Suites

    1.00 miles

  • Double Tree

    1.01 miles

  • Candlewood Suites

    1.36 miles

  • AmericInn by Wyndham Bemidji

    1.42 miles

  • Country Inn & Suites

    1.43 miles

  • Holiday Inn Express Bemidji

    1.48 miles

  • Super 8 by Wyndham Bemidji MN

    1.86 miles

  • Comfort Inn

    3.06 miles

  • Economy Shop

    0.20 miles

  • Harmony Natural Foods Co-Op

    0.21 miles

  • Harmony Co-op

    0.21 miles

  • McKenzie Place

    0.88 miles

  • Lueken's Village Foods South

    1.47 miles

  • Lueken's Village Foods

    1.53 miles

  • ALDI

    1.58 miles

  • Bemidji Locker & Fish Co

    1.69 miles

  • Paul Bunyan Mall

    1.70 miles

  • JCPenney

    1.70 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Edward Rupp

SVN | Northco

(952) 820-1634