677 Anne StBemidji, MN 56601

Property Details for 677 Anne St

Year built

2005

Construction

FRAME

Lot size

2.17 AC

Property size (Sq ft)

19,250 SF

Property type

Retail space

APN

80.07202.00

APU

800720200

Description

This exceptional office building, located at 677 Anne Street NW in Bemidji, Minnesota, presents a significant investment opportunity. Boasting a substantial 18,477 square feet of office space, this property sits on a generous 2.17-acre lot, offering ample room for expansion or future development. The building's size and layout provide considerable flexibility for a variety of business needs, from single-tenant occupancy to multi-tenant configurations. Its prime location in Bemidji offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the area. The asking price of $18 million reflects the significant value and potential of this property. Detailed floor plans and specifications are available upon request. This is a rare opportunity to acquire a substantial and well-situated office building in a thriving Minnesota community. Serious inquiries only. The property is offered as-is. Further due diligence is encouraged to fully assess the property's suitability for your specific business requirements. Don't miss this chance to secure a valuable asset in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $4,057,130

  6.5%

  $3,745,040

  7%

  $3,477,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,021,820

  Geo Method

  $1,021,820

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,311,670

  Mixed-Use / Specialty

  $3,728,270

  Hospitality / Lodging

  $2,730,860

  Office

  $3,702,560

  Institutional / Educational

  $3,874,680

  Residential Income

  $4,533,370

  Multifamily

  $5,456,050

  Automotive / Energy

  $3,321,150

  Parking / Income-Based Land

  $1,149,470

  Restaurant / Food Service

  $1,931,800

  Healthcare / Senior Housing

  $3,826,780

Location Insight

City

Bemidji

County

Beltrami

State

Minnesota

Latitude

47.5057

Longitude

-94.8886

CBSA code

13420

CBSA name

BEMIDJI, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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