119 Paul Bunyan Drive NW
Bemidji, MN 56601
MLS# 15-1145
Status: Closed

119 Paul Bunyan Drive NW, Bemidji, MN 56601
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119 Paul Bunyan Drive NW, Bemidji, MN 56601 119 Paul Bunyan Drive NW, Bemidji, MN 56601 119 Paul Bunyan Drive NW, Bemidji, MN 56601 119 Paul Bunyan Drive NW, Bemidji, MN 56601

Property Description
Commercial income opportunity with great potential for long term property value growth due to location. Property is located within 1/2 mile of BSU on a busy intersection with a traffic count at 30k+. Property has three established tenants with long term leases. CAP rate of 6.46% with built in escalators to increase investment while the property value builds. New CVS pharmacy across the road.

Current Price: $850,000
Contract Information
MLS Code: 4975 - BMJ
Auction: No
List Price: $899,900
Rental License: No
Lender Owned: No
In Foreclosure: No
Potential Short Sale: No
Owner is Agent: No
General Property Information
Type of Property: Commercial
For Sale/Lease: For Sale
# of Units: 3
Year Built: 1987
Remodeled/Addition: Yes
Waterfront: No
Waterfront Name: None
Approx Nbr of Acres: 0.57
Aprox Lot Dimensions: 107 x 230
Location, Tax and Other Information
House Number: 119
Street Name: Paul Bunyan
Street Abbreviation: Drive
Street Dir Sfx: NW
Postal City: Bemidji
County: Beltrami
State/Province: MN
Zip Code: 56601
Area: Bemidji
School District: Bemidji #31
Township Name: Bemidji
Township #: 146
Section #: 4
Range #: 33
Parcel Number: 80.02936.00
Legal Description: Sect-04 Twp-146 Range-033 OMICHS SECOND ADDITION Lot-003 Block-002 E 230' OF LOT 3 & S 7.5' OF E 230' OF LOT 2
Tax Classification: Commercial
Tax Year: 2015
Tax Amount: 17692
Assessments: No
Taxes w/Assessments: 17692
Directions & Remarks
Directions: Intersection of Paul Bunyan Drive NW and Bemidji Avenue North.
Status Change Info
Status: Closed
Under Contract Date: 2017-08-17
Sold Date: 2017-10-25
Square Footage
Total Above Gd Sqftg: 5100
Main Square Ftge: 5100
Total SqFt: 5100
Total Rooms Above Gr: 12
Sold Info
Sale/Lease: Sale
Property Features
Construction Type: Frame/Wood
Exterior: Wood
Fuel: Natural Gas
Heat: Forced Air
Air Conditioning: Central
Parking Charcterstcs: Driveway - Asphalt
Road Frontage: Highway
Roof: Rubber
Terms: Cash
Sale Includes: Building; Land; Leases

Listing Office: Lake-N-Woods Realty, Inc.

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Friday 19th of October 2018 03:32 AM