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    3205 Michigan Ave Norfolk, NE 68701

    Sponsored
    For Sale
    $271,596

    Shovel-ready lot, prime industrial location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.22-acre commercial and industrial lot is situated in the Bradford Business Park at the northeast intersection of South 37th Street and West Omaha Avenue in Norfolk, Nebraska (zip code 68701). Located within city limits, this property offers unparalleled convenience with easy access to Highways 275 and 81. Zoned I-1, it's perfectly suited for industrial or heavy commercial development. All utilities are readily available on-site, making this a truly "shovel-ready" opportunity. The lot is part of Phase 1, with 13 remaining lots available, and a future Phase 2 planned. This property presents a unique chance to establish or expand a business in a thriving area. The asking price is $271,596. The address for the property is 3205 W Michigan Ave, Norfolk, Madison County, Nebraska. Lot sizes within the park range from 1.6 acres to over 5 acres, offering flexibility for various development needs. This is an excellent investment opportunity in a strategic location.

    Property Features for 3205 Michigan Ave

    General Information

    Property type
    Land
    Lot Size
    227,383 SF
    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

    • $135,772
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      Norfolk Industrial Land - $135K

      Shovel-ready lot, prime location, I-1 zoning.
      3307 Michigan Ave, Norfolk, NE 68701
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      Norfolk Industrial Land - $84,396

      Shovel-ready lot, prime industrial location.
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    • $112,528
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      Norfolk Industrial Land - $112,528

      2.16-acre shovel-ready industrial lot.
      3306 Michigan Ave, Norfolk, NE 68701
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      Norfolk Land Parcel For Sale

      Land parcel available in Norfolk, Nebraska.
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    • $97,032
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      Norfolk Industrial Land - $97K

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      Norfolk Industrial Land - $116K

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    • $100,880
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      Norfolk Industrial Land - $100K

      Shovel-ready, 1.94 acres, I-1 zoning.
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    • $104,520
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      Norfolk Industrial Land - $104,520

      Shovel-ready, 2.01-acre industrial lot.
      3406 Bradford Ave, Norfolk, NE 68701
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    • $83,512
      1.61 Acres

      Norfolk Industrial Land - $83,512

      1.61-acre lot, shovel-ready, I-1 zoning.
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    • $731,000

      Norfolk Industrial Land Opportunity

      I-1 Light Industrial zoned land near Hwy 81.
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      View Details

    Nearby Similar for Sale

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      Zero Entry Townhome with Garage

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      228,882 SF

      Norfolk Industrial Property - 228,882 SF

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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 3205 Michigan Ave Norfolk, NE.
    What is the asking price?
    The asking price for this property is $271,596.
    Request Owner's contact information
    3205 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
    3205 Michigan Ave Norfolk, NE 68701
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