677 Anne StBemidji, MN 56601

  • Retail properties
  • 19,250 SF
For Sale

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,202,642
    6.5%
    $4,802,438
    7%
    $4,459,408
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,475,950
    Geo Method
    $2,475,950
  • Alternative Use

    Use
    Valuation
    Residential
    $4,051,037
    Hospitality
    $3,710,728
    Educational
    $3,087,282
    Medical
    $3,193,458
    Retail
    $4,802,438
677 Anne St, Bemidji, Minnesota

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$29,638
$146,600
$985,500
$1,132,100
-
$146,600
$985,500
$1,132,100

FAQs

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