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    2306 Michigan Ave Norfolk, NE 68701

    Sponsored
    For Sale
    $84,396

    Shovel-ready lot, prime industrial location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1.62-acre commercial and industrial lot is located in Norfolk, Nebraska's Bradford Business Park, at the northeast intersection of South 37th Street and West Omaha Avenue. The property, zoned I-1, is part of Phase 1, with 12 remaining lots available. All utilities are on-site, making this a truly shovel-ready opportunity. The lot's size is ideal for various industrial or heavy commercial uses. Its convenient location on the edge of Norfolk, within city limits, provides easy access to Highways 275 and 81, ensuring excellent transportation links. The asking price is $84,396. Larger lots, ranging from 1.6 acres to over 5 acres, are also available within the park, offering flexibility for businesses of all sizes. This is an exceptional opportunity for companies looking to expand, relocate, or establish a new presence in a thriving business park. The address is 2306 W Michigan Ave, Norfolk, NE 68701. This property presents a compelling investment opportunity in a strategic location with excellent infrastructure and accessibility.

    Property Features for 2306 Michigan Ave

    General Information

    Property type
    Land
    Lot Size
    70,567 SF

    HighLights

    • 1.62‑acre commercial/industrial lot in Norfolk, NE's Bradford Business Park.
    • I‑1 zoning; shovel‑ready with all utilities on‑site.
    • Excellent location at S 37th St & W Omaha Ave, near Highways 275 & 81.
    • Asking price: $84,396.
    • Additional lots (1.6‑5+ acres) available within the park.
    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 Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Madison
    State
    Nebraska
    Longitude
    -97.443202
    Latitude
    42.0216834

    Nearby Comparable

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      Norfolk Industrial Land - $104,520

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    • $83,512
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      Norfolk Industrial Land - $83,512

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    • $731,000

      Norfolk Industrial Land Opportunity

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    FAQs

    What type of property is this?
    Land - Shovel-ready lot, prime industrial location.
    Where is this land located?
    The property is located at 2306 Michigan Ave Norfolk, NE.
    What is the asking price?
    The asking price for this property is $84,396.
    What are key features of this property?
    This property features: 1.62-acre commercial/industrial lot in Norfolk, NE's Bradford Business Park.; I-1 zoning; shovel-ready with all utilities on-site.; Excellent location at S 37th St & W Omaha Ave, near Highways 275 & 81.
    Request Owner's contact information
    2306 Michigan Ave Norfolk, NE 68701
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    Norfolk, NE 68701
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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
    2306 Michigan Ave Norfolk, NE 68701
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