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Property profile & analytics
OFF-MARKET
Land

2 Sundance Dr Norway, MI 49870

1.26 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.26-acre commercial lot in Norway, Michigan, presents a unique development opportunity. Located on Sundance Drive, this cleared parcel boasts excellent visibility and convenient access from US Highway 2, ensuring high traffic exposure for any commercial venture. The lot's all-sand composition provides ideal construction conditions, eliminating costly site preparation. Utilities are readily available, including water, sewer, phone, electric, cable, and gas connections, simplifying the building process and minimizing upfront costs. Zoned for commercial use, this property is perfect for a variety of businesses seeking a prominent location in a thriving community. The asking price is $99,500, translating to a land value of $1.81 per square foot. This represents a compelling investment opportunity in a desirable location with significant potential for return. The property's convenient access and readily available utilities make it an attractive option for developers and entrepreneurs alike. Don't miss this chance to secure a prime commercial lot in a growing Michigan town. The property is privately owned and ready for immediate development.

Property profile
Verified
Property type Land
Lot 1.26 ac (54,886 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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