2 Sundance Dr Norway, MI 49870
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.