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    OFF-MARKET
    Commercial real estate

    1907 Norton Ave, Bemidji, MN 56601

    2.39 ac lot
    Property ID
    US46-1996308
    Property summary
    AI-generated overview

    This exceptional 2.39-acre parcel, located at 1907 Norton Ave NW in Bemidji, Minnesota, presents a prime opportunity for multi-family development. Zoned R-6 for multi-family use, this property is ideally situated amongst existing apartment complexes, offering immediate access to an established residential market. The asking price is $950,000. The address is easily accessible, following directions north on Irvine Ave, turning left onto 15th St, then right onto Norton Ave, with the property located at number 1907 on the left. The property's location within Beltrami County, zip code 56601, provides convenient access to local amenities and infrastructure. Given its size and zoning, this land is perfectly suited for the construction of a new multi-family residential complex, capitalizing on the high demand for housing in the area. The site's existing surroundings further enhance its development potential, offering a seamless integration into the existing community. This is a rare opportunity to acquire a substantial parcel of land in a desirable location, ready for immediate development. The property is classified as Special Purpose Land and is listed at $950,000. No existing structures are present on the site.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 2.39 ac (104,108 SF)
    UPID US46-1996308
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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