522 Minnesota Ave | Bemidji, MN 56601
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- LoopNet Team
522 Minnesota Ave
Bemidji, MN 56601
Tax Credit Development Opportunity · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 522 Minnesota Avenue, better known as the Bemidji Federal Building, is a 50,499-square-foot, vacant four-story office building with immense potential.
- Partially gutted office property presents a rare multifamily conversion opportunity with Urban Renaissance zoning codes.
- Bemidji offers a scenic lakefront downtown that supports a thriving arts community, a robust retail sector, and a diverse range of key industries.
- Prominently situated in the commercial and cultural heart of the city, blocks from Lake Bemidji and Bemidji State University.
- Property is eligible for federal and state historic tax credit incentives that can be stacked together, helping new ownership offset costs.
- 2020 Assessed Value: $8,307,900
PROPERTY FACTS
Property Type
Office
Property Subtype
Office/Residential
Building Size
50,499 SF
Building Class
C
Year Built/Renovated
1959/2008
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
12,625 SF
Building FAR
1.81
Lot Size
0.64 AC
Zoning
Urban Renaissance - Downtown area; multi use.
Parking
28 Spaces (0.55 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 80.00964.00 | Improvements Assessment | $825,500 |
| Land Assessment | $268,800 | Total Assessment | $1,094,300 |
PROPERTY TAXES
Parcel Number
80.00964.00
Land Assessment
$268,800
Improvements Assessment
$825,500
Total Assessment
$1,094,300
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