Bemidji, MN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Bemidji, Minnesota Market population: 14K. Explore income-producing properties with verified cap rates and operating...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Bemidji MN Properties: 0.8500%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Bemidji MN
Common questions from investors exploring commercial real estate in Bemidji MN.
What's the overall investment potential of Bemidji, MN, considering its demographics and economy?
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Bemidji's median household income of $32,953, combined with a poverty rate of 24.6% and a high health insurance coverage rate of 92.2%, suggests a stable market with opportunities for affordable housing investments, particularly given the city's diverse top industries, including Public Administration and Manufacturing.
How does the city's commute time and transportation infrastructure impact rental demand?
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The average commute time of 14.9 minutes, with top commute methods being driving alone, carpooling, and walking, indicates a convenient and accessible city, which, paired with a relatively high employment rate of 6,234 and low poverty rate compared to some areas, makes for a desirable rental market, especially considering the ethnic diversity with top ethnicities being White, White Non-Hispanic, and Native American.
What are the implications of Bemidji's ethnic diversity and top industries for real estate investors?
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The city's ethnic diversity, with White, White Non-Hispanic, and Native American being the top ethnicities, alongside its top industries in Public Administration, Manufacturing, and Finance & Insurance, suggests a robust and varied economic base, which can lead to a stable and growing demand for housing, making it an attractive location for real estate investment, especially when considering the median property value of $119,300 and median property taxes of $2,920.
How does the health insurance coverage and poverty rate in Bemidji affect the quality of tenants and investment stability?
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The 92.2% health insurance coverage combined with a 24.6% poverty rate in Bemidji suggests a working-class market with a degree of employment stability, which can contribute to a more reliable tenant base for investors, and when factoring in the average commute time and the prevalence of drove alone, carpooled, and walked as top commute methods, it indicates a solid infrastructure supportive of rental properties.
What insights can be gleaned from Bemidji's homeownership rate, median property value, and top industries for investment strategies?
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Bemidji's homeownership rate of 44.7%, median property value of $119,300, and diverse top industries, including Public Administration and Manufacturing, provide insights into a market that may offer opportunities for both rental investments and homeownership, particularly considering the city's relatively low median property taxes of $2,920 and the demographic's median age of 29.1, suggesting a potentially vibrant and growing community.
Bemidji MN Real Estate & City Facts
Key facts and real estate information about Bemidji MN.
What are some of the best neighborhoods to live in Bemidji?
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Some of the best neighborhoods to live in Bemidji include Northern Township, which is known for its peaceful and friendly community, and the northeast parts of the city, which tend to be more desirable. Additionally, areas like Blackduck are also considered affordable and nice, with a short 20-minute drive to Bemidji.
What are some fun things to do in Bemidji?
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Bemidji offers a variety of outdoor activities and unique events, such as the Dragon Boat Races, Loop the Lake Festival, and the Anishinaabe Art Festival. You can also visit Lake Bemidji State Park, go on a sculpture walk, or check out the Paul Bunyan and Babe the Blue Ox statues. In the winter, you can enjoy skiing at Buena Vista Ski Area.
What is the food scene like in Bemidji?
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Bemidji has a growing food scene with a variety of restaurants to choose from, including Bar 209, Green Mill Restaurant & Bar, and Minnesota Nice Cafe. You can also find great local eateries like Countryside Restaurant, which serves homestyle comfort food, and Tara Thai for some delicious Asian cuisine. There are also plenty of great food trucks and breweries, such as Bemidji Brewing Company, which offers great beer and good food.
What are the pros and cons of living in Bemidji?
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Living in Bemidji has its pros and cons. On the positive side, the city offers a peaceful and friendly community, with plenty of outdoor activities and unique events to enjoy. However, some residents have mentioned that the city has a higher crime rate and limited job opportunities. Additionally, the winters can be harsh, and the city may not have all the amenities that larger cities have. Overall, it's essential to weigh the pros and cons before deciding if Bemidji is the right place for you.
Is Bemidji a good place to live?
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Bemidji can be a great place to live for those who enjoy outdoor activities, a close-knit community, and a more relaxed pace of life. While it may have its challenges, the city has a lot to offer, from its beautiful parks and lakes to its unique events and growing food scene. Ultimately, whether Bemidji is a good place to live depends on your individual preferences and priorities. If you're looking for a peaceful and affordable place to call home, Bemidji might be an excellent choice.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Bemidji MN Commercial Property: $32,953
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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