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The Offered Property:

• Composed of parcels A, B, & C.  Can be purchased as individual parcels, all together or in a variety of combinations.  See survey map for layout.
• Address is 3501 Laurel Drive NW.  Laurel is a frontage road off and running parallel to very busy US Hwy. #71 north.
• In Bemidji city limits.  Beltrami County parcel #R.80.05528.00 currently covers all three parcels.
• Zoning is B2 (general business).
• 207’ of valuable Laurel Drive frontage and about 2.18 acres.
• Property extends from Laurel Drive frontage road through to Bardwell Drive to the rear.
• Formerly occupied (since 1994) by Midway Garden and Landscape Co. which was closed in 2009 and real estate sold to current owner in October 2010.
• Two structures on property:  A genuine log office building situated off Laurel Drive and a metal shop/storage building closer to Bardwell Drive.
• Real estate taxes were $7,737.00 in 2010 plus $2,749.33 in sewer/water special assessments.  Assessment balance has $10,853.00 remaining unpaid, which can be amortized over time with real estate taxes or paid off if preferred.
• See following information for specific details on each parcel.

Parcel “A” (Laurel Drive parcel with log office building):

• Appealing “up north” structure built in 1987 by doctor as eye clinic.
• Real pine log construction (Northwoods Log Homes of Laporte) with pine interior and crawl space under.
• Log portion is 30’2” wide by 38’2” long (± 1,150’).  Has vaulted main area, large adjacent office, two restrooms, and mechanical room.  According to Northwoods current cost to replicate this structure would be around $135 sq. ft., well above usual commercial space, but definitely creates a more unique and interesting look for a business.
• After purchase in 1994, Midway Garden added a 20’ by 22’ (440’) rear office (conventional frame construction with log look siding).  Built on concrete slab with off peak in-floor electric heating.
• This approximately 1,600’ structure was not properly maintained and the current owner will invest over $75,000.00 in updates to prepare for new occupancy.

The new improvements include:

• Commercial quality steel roof and fascia (red color)
• Marvin windows
• Commercial glass entry and side doors, divided glass panel interior doors
• HVAC system complete
• Total bath remodels
• Substantial rewiring and lighting
• Complete ceiling re-insulation

• The building requires re-staining and re-caulking of logs in the spring.  Upon completion, matching red metal trim will be installed around the new windows and doors to give the structure a nice flair.
• Floor coverings must be replaced but will be determined by new owner or tenant’s needs.

Other Parcel “A” Details:
Heating/Cooling:
Natural gas was brought into the building and new electric (off peak) forced air heat pump installed that switches over to natural gas below 20°.  Heat pump reverse functions as central air.  This new heating/cooling system was also extended to the rear addition.

Sewer/Water:
The office building is connected to city utilities off Laurel Drive.

Before city sewer and water were available (by later annexation) a well and septic were used.  A 100’ 4” drilled well to the north side of the building is piped into the crawl space and is used in the exterior faucets (could also serve as lawn irrigation system if modified). 

A very large asphalt parking area lies to the south of the parcel “A” building on the parcel “B” property.

Spruce and pine trees to the west of the building create a non-commercial northern woods feel to the property.

There is sufficient room every direction for expansion possibilities.

The building is very versatile for usage.  For example, the rear addition has two offices that could easily have the non-load bearing dividing wall removed to open for larger needs.  3501 Laurel would be ideal for professional offices (dental, chiropractic, optometrist, counseling, engineering, general offices, etc.) or, as a centered sales office, the site would also be perfect for an auto or machinery sales lot.

Parcel “A” or “B” have a very high traffic visibility off US#71 north in Bemidji’s primary retail/medical area.  Close to Wal-Mart, Target, Paul Bunyan Mall, and soon a huge new Menards.  Just down the Laurel Drive frontage drive is the Paul Bunyan Communications headquarters, a brand new bowling alley, large marine dealer adjacent, and now a busy Honda Yamaha dealership has moved in.  In addition to the high traffic retail, nearby Sanford Health Medical Clinic and North Country Regional Hospital lie directly across highway #71 and draw heavily to the area, which is also densely populated with apartments and housing.  For business in Bemidji, this location is now an ideal place to be.

Parcel “B” (Laurel Drive Frontage):

• A developable commercial lot now used as asphalt parking for the parcel "A" office building.  99.08’ of high exposure Laurel Drive frontage by approximately 217’ average depth (just under half acre in size).  Sewer, water, electric, gas, etc. available off Laurel drive.  Could be used for new office building or small retail shop.  If parcel B is sold separately from parcel A, seller will install a new entrance and tar parking area for parcel “A” to the north of the existing log building and remove the asphalt on parcel “B”.

Parcel “C” (Storage, Shop, or Service Building off Bardwell Drive:

• 100’ frontage on Bardwell Drive (gravel) by over 400’ average depth.  Approximately 1.15 acre of nice, level land.
• Structure was built in 1994 for storage of landscaping equipment and vehicles.  Now in generally good condition.
• 40’ by 72’ building (2,880’) easily expandable.  14’ sidewall height, 2’ x 6” wood frame construction, concrete slab floor with metal exterior, two 10’ insulated overhead doors and walk door.  East end divided into three offices (storage area above) one with toilet stub in.  Not connected to city sewer/water (available off Bardwell Drive on assessment basis).
• The storage building was originally equipped with under floor electric heat cables on off peak which has never been used.
• Large capacity 6” well (estimated 100’ depth) east of building with submersible pump is piped into building then out for former use in plant and tree irrigation system.
• Large amount of unused property on east side of building for expansion or parking needs.
• Parcel “C” is surrounded by numerous service businesses.  Ideal for service or light industry that values the convenience and proximity to town, but public visibility is not a major concern.

Asking Price (s):

Parcel “A” (office building and lot) – $281,500

Parcel “B” (developable commercial lot) – $141,500

Parcel “C” (storage/shop building and lot) – $134,900

Potential Combinations:

Parcels A, B, C together (save $67,900) – $490,000

Parcels A and B (save $48,000) – $375,000

Parcels A and C (save $36,400) – $380,000

Other division possibilities can be explored subject to negotiation and zoning approval.

• Properties are also available on a possible lease basis, trade, or Contract for Deed with adequate collateral or down payment.  Contact owner to discuss.

Owned by a 401K Retirement Plan
Contact Mike Ettesvold, Trustee
Best of the North Real Estate Co. 401 (K) Plan
Offered by
Best of the North Real Estate Co.
(218) 444-4100

NOT AVAILABLE THROUGH THE MLS

Best of the North Real Estate Company, agent for seller
Shown by appointment ONLY
For additional information contact:
Mike Ettesvold

(218) 444-4100
www.bestofthenorth.com