SVN | Northco is pleased to present for sale 522 Minnesota Ave NW in Bemidji, Minnesota, better known as the Bemidji Federal Building ("Property"). The Property is a ±50,499 office building that is a fantastic redevelopment opportunity in the heart of downtown Bemidji. Bemidji has a thriving arts community as well as a strong retail sector, and the City has a diverse range of industries including healthcare, education, manufacturing, and tourism. It is also home to Bemidji State University and its 5,000+ students, and the school's campus is in close proximity to the Property. The Property is eligible for Federal Historic Tax Credits, and State Historic Tax Credits, which are stackable. The Property has ben partially gutted in preparation for renovation. This is an ideal property for multifamily conversion. Seller financing is available for qualified prospects.

The Property is positioned in the CBD of downtown Bemidji and is just blocks from Lake Bemidji and Bemidji State University. Bemidji is the largest city in Beltrami County with approximately 15,000 inhabitants and offers abundant opportunities for outdoor recreation such as fishing, boating, swimming, and more. It is also home to the Mississippi River's headwaters, a popular tourist destination.