1120 Railroad StBemidji, MN 56601

Property Details for 1120 Railroad St

Year built

2005

Construction

WOOD

Lot size

1.36 AC

Property size (Sq ft)

8,208 SF

Property type

Office properties

Property subtype

Office buildings

APN

80.04531.00

APU

800453100

Description

This exceptional 1.1-acre property, located in Bemidji's Industrial Park, presents a unique opportunity for businesses seeking a combined office and warehouse space. The single-tenant building features a clean and functional office area complemented by a substantial 6,000+ square foot heated warehouse facility. This warehouse boasts six overhead doors, each measuring 12-18 feet wide and 14 feet high, providing ample access for loading and unloading. A practical drain system is in place for efficient runoff management from vehicles or cleaning operations. Adding to the versatility of the space is a 6-foot mezzanine level situated above the office area, offering additional storage or workspace. The property sits on a paved lot, ensuring convenient access and maneuverability. The zoning is designated as Industrial, making it ideal for a variety of commercial and industrial uses. The property's APN is 800453100. This well-maintained property offers a blend of office and warehouse functionality in a prime industrial location. The single-tenant occupancy provides a straightforward ownership structure.

• CAP approach

  CAP return

  Valuation

  6%

  $1,509,083

  6.5%

  $1,393,000

  7%

  $1,293,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $418,936

  Geo Method

  $418,936

• Alternative Use

  Use

  Valuation

  Residential

  $1,727,320

  Hospitality

  $1,582,216

  Educational

  $1,316,385

  Medical

  $1,361,658

  Retail

  $2,047,710

Location Insight

City

Bemidji

County

Beltrami

State

Minnesota

Latitude

47.4449

Longitude

-94.8519

CBSA code

13420

CBSA name

BEMIDJI, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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