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    1612 Balsam Rd NW Bemidji, MN 56601

    For Sale
    $1,122,000

    Large commercial land tract with high visibility and easy access.

    Lot size:
    12.87 Acres

    Property Features for 1612 Balsam Rd NW

    General Information

    Lot size
    12.87 Acres

    Source: Close-Converse Commercial Properties Agent Christopher C. Close

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Acreage on Hwy 71

    This commercial acreage is located on Hwy 71 in Bemidji, MN. The expansive site offers visibility, easy access, and strong traffic counts, making it suitable for commercial or mixed-use development. It is positioned in a growing commercial area minutes from downtown Bemidji. This property is suitable for developers, investors, or business owners looking to establish or expand their presence in Northern Minnesota. The location is suited for a retail center, office complex, or service-based business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Bar & Pub Home Appliance Store Coworking Space Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Bemidji
    County
    Beltrami
    State
    Minnesota
    Longitude
    -94.9039357
    Latitude
    47.5268687

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    FAQs

    What type of property is this?
    Land - Large commercial land tract with high visibility and easy access.
    Where is this land located?
    The property is located at 1612 Balsam Rd NW Bemidji, MN.
    What is the asking price?
    The asking price for this property is $1,122,000.
    What are key features of this property?
    This property features: - Large tract of low-density commercial acreage on Hwy 71.; - Excellent visibility and easy access.; - Strong traffic counts.
    (218) 831-7510
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    1612 Balsam Rd NW 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
    1612 Balsam Rd NW Bemidji, MN 56601
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