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    1907 Norton Ave Bemidji, MN 56601

    For Sale
    $950,000

    2.4-Acre Lot, R-6 Zoning, High Potential

    Property size:
    1,824 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 2.4-acre parcel, located at 1907 Norton Avenue NW in Bemidji, Minnesota, presents a prime opportunity for the development of a multi-family complex. The property boasts an impressive 1,824 square feet and is zoned R-6, specifically designated for multi-family residential use. Its strategic location within an established area of similar apartment complexes ensures high visibility and strong potential for tenant occupancy. The existing structure on the property offers a blank canvas for a new development, allowing for complete customization to meet the needs of a modern multi-family project. This is an ideal investment for developers seeking to capitalize on the growing demand for rental housing in Bemidji. The substantial lot size provides ample space for a sizable complex, offering flexibility in design and unit configurations. Given the surrounding development and the favorable zoning, this property represents a rare and compelling opportunity to create a thriving multi-family community. The asking price of $950,000 reflects the significant potential for return on investment. Serious inquiries are encouraged to explore this exceptional development opportunity further. All information is deemed reliable but not guaranteed and should be independently verified.

    Property Features for 1907 Norton Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    1,824 SF
    Lot Size
    104,544 SF

    Building Details

    Year Built
    1956
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bemidji
    County
    Beltrami
    State
    Minnesota
    Longitude
    -94.89378
    Latitude
    47.48697

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    FAQs

    What type of property is this?
    Residential income property - 2.4-Acre Lot, R-6 Zoning, High Potential
    Where is this residential income property located?
    The property is located at 1907 Norton Ave Bemidji, MN.
    What is the asking price?
    The asking price for this property is $950,000.
    (218) 751-1228
    Request Owner's contact information
    1907 Norton Ave Bemidji, MN 56601
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    Bemidji, MN 56601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1907 Norton Ave Bemidji, MN 56601
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