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2,400 sqft

$679,500

505 Paul Bunyan Drive NW, Bemidji MN, 56601

Price per sqft$283.13
Built in1994
Property size2,400 sqft
Property typeCommercial
Courtesy of Real Broker, LLC, The Hoover Group Listing Contact:

Overview

Active

Listed Jul 21, 2026

Updated 10 days ago

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, café, 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.

Other Property Details

Taxes
$17,972
Tax Frequency
Annually
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Listings courtesy of Northstar MLS as distributed by MLS GRID

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