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    1028 Main St Norway, MI 49870

    Sponsored
    For Sale
    $130,000

    Prime Location, Updated Industrial Building

    Property size:
    1,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 1,400 square foot industrial building is ideally situated on Main Street in Norway, Michigan, in the heart of the central Upper Peninsula. Currently operating as an antique and collectibles shop, this property presents a multitude of commercial possibilities for a discerning buyer. The building boasts a completely refurbished interior in like-new condition, offering a modern and functional space. A convenient main floor lavatory adds to the practicality of the layout. The full basement provides ample workshop and storage space, enhancing the property's versatility. Notable features include central air conditioning and impressive nine-foot ceilings throughout. The property sits on a 0.17-acre lot, providing sufficient space for operations and potential expansion. Much of the existing antique and collectibles inventory is available for purchase as part of the sale, presenting a unique opportunity for a turnkey business acquisition. This property is priced competitively at $130,000 and represents an excellent investment opportunity in a desirable location. The building's prime location on Main Street ensures high visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. Don't miss this chance to own a meticulously maintained and well-positioned commercial property in the vibrant community of Norway, Michigan.

    Property Features for 1028 Main St

    General Information

    Property type
    Industrial properties
    Square Feet
    1,400 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Not Just Another ... Home Goods Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norway
    County
    Dickinson
    State
    Michigan
    Longitude
    -87.9073
    Latitude
    45.79044

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    Nearby Similar for Sale

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    • $995,000
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      all buildings and supplies which include 19 river rafts and climbing gear....among many other outdoor enthusiast equipment----and an \""antiques\"" sales shop! The main building was originally constructed in the early 1900's and was a boarder house back then....but has been refurbished with class while maintaining a rustic appearance. The \""climbing gym\"" is a 30' X 40' building that contains a climbing area and weight room

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    FAQs

    What type of property is this?
    Industrial property - Prime Location, Updated Industrial Building
    Where is this industrial property located?
    The property is located at 1028 Main St Norway, MI.
    What is the asking price?
    The asking price for this property is $130,000.
    (906) 828-1099
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    1028 Main St Norway, MI 49870
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    Norway, MI 49870
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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
    1028 Main St Norway, MI 49870
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