Property profile

7794 Us-2 Rapid River, MI 49878

OFF-MARKET
Retail properties & Spaces
7,182 SF 26.39 ac lot Built 1994
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Property summary

AI-generated overview

This exceptional commercial property presents a unique investment opportunity in Rapid River, Michigan. Located on a 26.39-acre lot at 7794 US-2, this storefront boasts 7,182 square feet of retail space within a single-story, 1994-built structure. The property's strategic location on two major highways—US-2 and US-41—ensures maximum visibility and accessibility. Two established driveways facilitate convenient access for customers and employees. The Commercial 201 zoning allows for a wide range of business ventures. Beyond the main building, the property offers additional income potential through an existing billboard lease. Its proximity to an ATV and snowmobile trail guarantees consistent foot traffic throughout the year. The picturesque Tacoosh River running through the property adds to its unique appeal. This is a rare opportunity to acquire a substantial commercial property with significant potential for growth and profitability. The asking price is $999,500. The property is privately owned.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1994
Total area 7,182 SF
Lot 26.39 ac (1,149,548 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7794 Us-2 Rapid River, MI 49878
Rapid River metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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