Omaha daily bee., 1901-01-19
ACTIVITY IN REAL ESTATE
Investors Seek Bargains in 0mahA's Whole
sale District
GOOD DEMAND FROM VARIOUS SOURCES
Nebraska and Iowa Farm Lands Are
Going More Rapidly Than at
Any other Time within
Recent Years.
GOOD DEMAND FROM VARIOUS SOURCES

Omaha real estate dealers are looking for
lively movement in real estate in the
Wholesale district Of the city this spring
and are getting all of this sort OF property
in the market on their lists. One of the
dealers, speaking OF this feature OF the
market, said
To-day every building in Omaha which
can be used a Wholesale house is occu-
pied with the exception of one whose owner
has refused three offers in the last three
months because he declines to make certain
desired alterations. With the filling up OF
these houses several new warehouses have
been constructed, but so far from relieving
the congested condition they have in d
measure added to it ss outside dealers. see
ing these evicenees OF growth on the part
or Omaha institutions, have decided that
Omaha is good place TO establish branch
ana there nave been applications for quar-
ters which cannot be filled. We found IL
necessary to build house to accommodate
the last firm which came to the city and
from this time on every new institution
which comes to handle goods in a whole
sale way will mean a new structure for the
wholesale district. AS a result of this CON
dition this land is being demanded by In
vestors. The active movement has not be-
gun and may not start until the opening of
ihb, uul every real estate dealer mas re-
ceived inquiries for such property as this
by persons who are seeking local invest
ments.
Small Residences In Demand.
THE most active real estate in Omaha
today is small residences, at prices rang
ing from 81 500 to $1,000. In most instances
these purchases are made by persons who
desire the property for homes. but the in
no
tion to Omaha dwelling houses again. 1t
has been demonstrated in the last year that
there is no better investment in the country
than this form of property. Many houses
in the city have been bringing a net income
OF and per cent on .Ie investment for
the last ten years, even during the hard
times" and with the renewed activity in
business circles, rents have in many cases
advanced
But the most active land which is
handled by Omaha dealers is Nebraska and
western Iowa farm lands. Not in dozen
years has the Nebraska farm and ranch land
been in such active demand. You can sell
any good land at almost any price, but 1t
is difficult to find persons who desire to
part with their holdings.
To-day the cheapest land on earth is that
which lies in the Missouri river bottom in
Iowa and Nebraska.
valuable for Homes.
Time was when fear of an annual over
flow caused this land TO be undesirable to
persons who wanted something more than
place TO raise corn, cattle and hogs, but
since the development of the country higher
up the river has caused a cessation of the
spring overflow this land is as valuable as
any for homes. Farmers from the east who
in times past would not look at the desolate
homes and who feared to settle on the
bottoms have changed their views. They
have bought land, planted orchards seeded
tracts down TO grass and made homes
whore their predecessors were content to
leave the land undeveloped except in the
degree necessary for the cultivation OF corn
Since Nebraska has experienced several
years of good crops and the Nebraska
farmer has money instead Of bills payable
at the bank, the men who formerly loaned
him the money are now trying to invest II
in real estate There were heavy sales OF
ranch and farm lands last fall, but
predict that 1t will be as nothing when
compared TO the sales which will be
recorded in all parts of the state in the
spring"