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Active
$679,500
/mo Edit
Commercial:  1 Story
Built 1994
0.574 acres
Bemidji schools
MLS# 7114175
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    Property Description

    Exceptional commercial opportunity in a high-visibility location along one of Bemidji's busiest commercial corridors with visibility and exposure to over 17, 000 vehicles per day along Paul Bunyan Drive (Highway 197). This well-maintained 2, 400-square-foot commercial building offers approximately 1, 200 square feet on each level, with a fully finished lower level, providing exceptional flexibility for a wide variety of business uses. Currently configured with 10+ private offices—4 on the main level and 5+ on the lower level—the building has successfully operated as a healthcare facility for the past eight years and previously served as a professional office building. The existing layout is ideal for medical, dental, counseling, financial, legal, insurance, or other professional services, while also offering the potential to be reconfigured for many other commercial ventures. With its outstanding location and generous site, the property is also well suited for a bank or credit union, retail showroom, boutique, coffee shop, cafĆ©, restaurant, or other food service establishment. The expansive lot provides the opportunity to explore drive-thru capability (subject to city approvals), making it an attractive option for businesses seeking convenience and high customer visibility. Positioned between Pizza Hut and O'Reilly Auto Parts, the property enjoys excellent exposure, strong neighboring businesses, and consistent daily traffic. Its location offers outstanding accessibility and visibility for customers and clients alike. Situated on a generous 130' x 190' lot, the property extends approximately 80 feet beyond the existing parking lot, creating excellent potential for future building additions, expanded parking, or other site improvements. The paved parking lot currently provides 18+ parking spaces, with ample room for expansion. Accessibility is another key feature, with wheelchair ramps at both the front and rear entrances. The front aluminum ramp is removable, allowing flexibility for future renovations or alternate building designs. Whether you're looking for a turnkey professional office, a redevelopment opportunity, or a highly visible location for your growing business, 505 Paul Bunyan Dr NW offers exceptional versatility, ample parking, expansion potential, and a premier location in the heart of Bemidji's thriving commercial district. Please note the owners are also Real Estate Agents licensed in MN.

    Listing

    Contingency: None
    City: Bemidji
    County: Beltrami
    State: MN
    Property Style: 1 Story
    Zip Code: 56601
    Subdivision Name: Wagners Third Add

    Interior

    Basement Details:
    • Egress Window(s)
    • Finished
    • Full

    Exterior

    Stories: One
    Garage Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 1,200 ft2
    Foundation Dimensions: 24x50
    Handicap Accessible: Doors 36"+, Grab Bars In Bathroom, Hallways 42"+, Partially Wheelchair, Wheelchair Ramp(s)
    Heating System: Forced Air
    Parking Features:
    • Parking Lot
    • Paved Lot
    Road Frontage: City Street
    Exterior Material: Frame
    Roof Details: Asphalt

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.574
    Geolocation: 47.491293, -94.886549
    Inclusions: Building, Fixture/Equipment
    Lot Dimensions: 130 x 190
    Zoning: Business/Commercial

    Schools

    School District: 31
    District Phone: 2183333100

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $17,972
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $17,972

    Units

    Total Units: 1

    Miscellaneous

    Current Use:
    • Commercial
    • Professional Service
    • Professional/Office
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected
    Power Company Name: Ottertail Power

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
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    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.