Last Sold Price
7 beds5 baths4,205 sqft$31/sqft
206 Main St, Biwabik, MN 55708

Description

Calling all investors! Beautiful Investment property in historic downtown Biwabik featuring 5 rental units along with a 500 ft. store front w/bathroom & storage area. Good location next to the Post Office. Most units have been remodeled and are well-maintained. Good cash flow, could be vacation rentals or keep as is with renters. Unlimited possibilities in close proximity to Giants Ridge Ski & Golf resort.Calling all investors! Beautiful Investment property in historic downtown Biwabik featuring 5 rental units along with a 500 ft. store front w/bathroom & storage area. Good location next to the Post Office. Most units have been remodeled and are well-maintained. Good cash flow, could be vacation rentals or keep as is with renters. Unlimited possibilities in close proximity to Giants Ridge Ski & Golf resort.
LISTING CLOSED: 03/03/2022 12:00 AM

  1. Listed by Rick Marwick • Vermilion Land Office Inc
    P: (218) 780-3930 info@vermilionland.com

Property Details for 206 Main Street

MLS #
142687
Days on Compass
55
Taxes
$2,778 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1910
Lot Size
0.17 AC / 7,500 SF
Zoning
Com
Zoning Description
Com

Recent comparable sales

Median sold price

$128,500

Avg days on market

80

Sale-to-list ratio

93.9%

Biwabik, MN

9 comparable properties found

$250,000 | 404 Main Street, Biwabik, MN 55708
1/37
1

$250,000

Sold 11/05/24

9
Bedrooms
3,788
Square Feet
0.18
Acres
$121,500 | 120 1st Avenue North, Biwabik, MN 55708
1/17
2

$121,500

Sold 04/25/25

1
Bedrooms
1
Bathrooms
640
Square Feet
0.2
Acres
$119,000 | 302 2nd Street North, Biwabik, MN 55708
1/29
3

$119,000

Sold 07/21/25

2
Bedrooms
1,180
Square Feet
0.06
Acres
$134,900 | 117 6th Avenue South, Biwabik, MN 55708
1/27
4

$134,900

Sold 02/24/25

3
Bedrooms
1.25
Bathrooms
1,248
Square Feet
0.24
Acres
$125,000 | 302 8th Avenue North, Biwabik, MN 55708
5

$125,000

Sold 01/02/25

3
Bedrooms
912
Square Feet
0.14
Acres
$143,000 | 700 3rd Street North, Biwabik, MN 55708
6

$143,000

Sold 11/04/24

3
Bedrooms
1,650
Square Feet
0.14
Acres
$140,000 | 420 7th Avenue North, Biwabik, MN 55708
7

$140,000

Sold 05/06/25

2
Bedrooms
1,736
Square Feet
0.14
Acres
$128,500 | 423 7th Avenue North, Biwabik, MN 55708
1/30
8

$128,500

Sold 10/25/24

2
Bedrooms
1.75
Bathrooms
1,229
Square Feet
Unavailable
Acres
$110,000 | 132 5th Avenue South, Biwabik, MN 55708
1/26
9

$110,000

Sold 04/30/25

3
Bedrooms
1,193
Square Feet
0.13
Acres

Location

Listing Courtesy of Vermilion Land Office Inc

Sold By Laurentian Realty

Add your commute

Building Information for 206 Main Street

Stories-Residences5Year Built1910Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$892 per month

30 year fixed, 6.55% Interest

Principal and Interest

$660

Property Taxes

$232

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 206 Main Street

Summary
Location and General Information
  • Latitude: 47.53287
  • Longitude: -92.346444
  • Township: 56
Taxes and HOA
  • Parcel Number: 015-0030-00710
  • Tax Annual Amount: $2,778.00
Parking
  • Parking Features: On Street
Property
Lot Information
  • Lot Size Dimensions: 125 x 60
Property and Assessments
  • Living Area: 4205.0
  • Property Type: Residential Income
  • Year Built: 1910
Building Features
  • Construction Materials: Frame, Metal Siding
  • Roof: Asphalt
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Full
  • Has Basement: Yes
  • Total Bathrooms: 5
  • Total Bedrooms: 7
  • Cooling: Window Unit(s)
  • Has Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 5

Property History for 206 Main Street

DateEvent & SourcePriceAppreciation
Mar 3, 2022

Sold

Range Association of REALTORS #142687

$129,900
Feb 28, 2022

Sold (Public Record)

Public Record #1485983499

$129,900

-0.9% / yr

Jan 31, 2022

Pending

Range Association of REALTORS #142687

DateEvent & SourcePrice
03/03/2022

Sold

Range Association of REALTORS #142687

$129,900
02/28/2022

Sold (Public Record)

Public Record #1485983499

$129,900

-0.9% / yr

01/31/2022

Pending

Range Association of REALTORS #142687

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 206 Main Street

Taxable ValueLand$6,700Additions$149,200Total$155,900
Tax Record2026$3,440 ($287 / month)
Home Facts
Total Finished SqFt3,025 SqFtAbove Grade Finished SqFt3,025 SqFtStories2Lot Size7,498 SqFtStyleMulti-Family Res (5+ Units)Year Built1995Year Renovated1995CountyST. LOUISAPN015-0030-00710

Schools near 206 Main Street

This home is within Mesabi East School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Mesabi East Elementary School
PublicPK to 6

Mesabi East Secondary
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 55708

$179,000 | 321 1st Avenue North, Biwabik, MN 55708
1/46

$179,000

3
Bedrooms
1.5
Bathrooms
1,916
Square Feet
0.12
Acres
$190,000 | 6373 Wynne Creek Drive, Unit 311, Biwabik, MN 55708
1/10

$190,000

2
Bedrooms
932
Square Feet
$129,900 | 118 4th Avenue South, Biwabik, MN 55708
1/19
Inspection Cont ( Mn )

$129,900

3
Bedrooms
986
Square Feet
0.28
Acres
$350,000 | 601 Main Street, Biwabik, MN 55708
1/39

$350,000

2
Bedrooms
7,272
Square Feet
0.09
Acres
$179,900 | 127 5th Avenue South, Biwabik, MN 55708
1/50

$179,900

3
Bedrooms
1.75
Bathrooms
1,470
Square Feet
0.18
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 206 Main Street, Biwabik, MN 55708
$129,900
7
5
4,205
7,500
1,900
4,999
1,471
1,975
9,512
15,531
3
1
1,014
2,140
$75,000
1,368
3,124

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Vermilion Land Office Inc

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the RAOR - Range Association of REALTORS®. Real estate listings held by brokerage firms other than Compass and its related brokerages are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Compass and its related brokerages is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Compass and its related brokerages, a broker Participant of the RAOR - Range Association of REALTORS®. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.