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    1907 Norton Ave Bemidji, MN 56601

    Sponsored
    For Sale
    $950,000

    2+ Acre Commercial/Residential Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 104,108.4 square foot lot, located at 1907 Norton Avenue NW in Bemidji, Minnesota, presents a remarkable opportunity for developers. Situated in Beltrami County, zip code 56601, this property boasts a prime location within a thriving residential area. The expansive 2+ acre parcel is zoned R-6 (Multi-Family), making it ideally suited for the construction of a new multi-family residential complex. The existing surrounding infrastructure includes several established apartment complexes, indicating a strong demand for rental housing in the immediate vicinity. Built in 1956, this land offers a blank canvas for a visionary project. The asking price is $950,000. This property's strategic location and zoning regulations create an exceptional investment opportunity for those seeking to capitalize on the growing need for multi-family housing in Bemidji. The coordinates are 47.4869861 latitude and -94.893797 longitude. This is a rare chance to acquire a substantial parcel of land in a desirable location with significant potential for development. Don't miss this chance to build your next successful venture.

    Property Features for 1907 Norton Ave

    General Information

    Property type
    Land

    Building Details

    Year Built
    1956

    HighLights

    • $950,000 asking price.
    • 2.4‑acre commercial and residential land parcel.
    • 104,108.4 square foot lot size.
    • Located at 1907 Norton Avenue NW, Bemidji, MN 56601.
    • Built in 1956.
    • R‑6 (Multi‑Family) zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -94.893797
    Latitude
    47.4869861

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    FAQs

    What type of property is this?
    Land - 2+ Acre Commercial/Residential Lot
    Where is this land 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.
    What are key features of this property?
    This property features: $950,000 asking price.; 2.4-acre commercial and residential land parcel.; 104,108.4 square foot lot size.
    Request Owner's contact information
    1907 Norton Ave 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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