2590 RidgewayBemidji, MN 56601

Property Details for 2590 Ridgeway

Year built

1980

Construction

WOOD

Lot size

5.80 AC

Property size (Sq ft)

17,109 SF

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

80.00083.00

APU

800008300

• CAP approach

  CAP return

  Valuation

  6%

  $3,900,517

  6.5%

  $3,600,477

  7%

  $3,343,300

• Comparable approach

  Method

  Valuation

  Method 1

  $1,353,527

  Method 2

  $1,353,527

• Alternative Use

  Use

  Valuation

  Residential

  $3,600,477

  Hospitality

  $3,298,018

  Educational

  $2,743,912

  Medical

  $2,838,280

  Retail

  $4,268,308

Location Insight

City

Bemidji

County

Beltrami

State

Minnesota

Latitude

47.4935

Longitude

-94.8944

CBSA code

13420

CBSA name

BEMIDJI, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

• Assessed Improved Value
  $3,553,000
• Assessed land value
  $1,010,600
• Assessed value
  $4,563,600
• Tax year
  2021
• Tax bill
  $55,290

FAQs

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