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    3306 Michigan Ave Norfolk, NE 68701

    Sponsored
    For Sale
    $112,528

    2.16-acre shovel-ready industrial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2.16-acre commercial and industrial lot, located at 3306 W Michigan Ave in Norfolk, Nebraska (68701), presents a unique opportunity for businesses seeking a prime location for expansion or relocation. Situated within the Bradford Business Park at the northeast intersection of South 37th Street and West Omaha Avenue, this property is zoned I-1, perfectly suited for industrial or heavy commercial uses. All utilities are conveniently located 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. Its strategic location offers easy access to Highways 275 and 81, providing excellent connectivity for transportation and logistics. The asking price for this exceptional property is $112,528. This lot is part of a larger development with lots ranging from 1.6 acres to over 5 acres, offering flexibility for various business needs. Don't miss this chance to secure a prime piece of industrial land in a thriving Nebraska community. Contact us today to learn more about this exceptional opportunity.

    Property Features for 3306 Michigan Ave

    General Information

    Property type
    Land
    Lot Size
    94,090 SF

    HighLights

    • 2.16‑acre commercial/industrial lot in Norfolk, NE (68701).
    • Located in Bradford Business Park, zoned I‑1.
    • All utilities on‑site; shovel‑ready.
    • Easy access to Highways 275 and 81.
    • Asking price: $112,528.
    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 - 2.16-acre shovel-ready industrial lot.
    Where is this land located?
    The property is located at 3306 Michigan Ave Norfolk, NE.
    What is the asking price?
    The asking price for this property is $112,528.
    What are key features of this property?
    This property features: 2.16-acre commercial/industrial lot in Norfolk, NE (68701).; Located in Bradford Business Park, zoned I-1.; All utilities on-site; shovel-ready.
    Request Owner's contact information
    3306 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
    3306 Michigan Ave Norfolk, NE 68701
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