Listing Agency: Keller Williams Upper Peninsula j***@kw.com Show Phone

Listed By: Julie Barr · License #6501413781

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 9:23AM

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Investment Insights

Based on property information with market context.

This mixed-use property brings together a comfortable home, an established yarn and gift shop, and alpacas across 5 acres. The property supports a live-work setup, with the residence and business located together in a rural setting outside town. The sellers are willing to share operating experience from the retail business and would like the alpacas to remain with the property for a suitable new owner.

Located in Dickinson County at W6139 US 2 in Norway, Michigan, the property offers views of rolling hills and access to nearby outdoor activities. The combination of residential space, retail improvements, livestock, and acreage creates a distinctive property with both home and business components.

Key Highlights

• 5‑acre mixed‑use property combining a residence and operating retail business
• Established yarn and gift shop with returning visitors
• Alpacas included as a desired component for a suitable new owner

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency HVAC Service Hair Salon Plumbing Service (Bike/Boat/Book/etc) Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

227

Businesses Nearby

Explore this area Business Placement

Demographics for 49870, MI

3,343

Population

1,649

Households

2

Avg Household Size

44

Median Age

22%

College-Educated

94%

High-School Grad

57.8 sq mi

ZIP Area

58

Density / Sq Mi

$55,795

Median Household Income

$40,478

Median Earnings

$789

Median Rent

$100,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Live-work property combining a residence, alpacas, and an established yarn and gift retail business.

Where is this mixed-use property located?

The property is located at W6139 US 2 Norway, MI.

What are key features of this property?

This property features: 5‑acre mixed‑use property combining a residence and operating retail business; Established yarn and gift shop with returning visitors; Alpacas included as a desired component for a suitable new owner