Property profile

7683 Us-2 Rapid River, MI 49878

OFF-MARKET
Land
1.97 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1.97-acre commercial land parcel presents a remarkable investment opportunity in Rapid River, Michigan. Strategically located on US-2 Highway at a major crossroads in the Upper Peninsula, this property boasts exceptional visibility and high daily traffic counts, ensuring maximum exposure for your business venture. The land is zoned Commercial District 2, opening doors to a wide range of commercial uses. A 2001 survey indicates the placement of iron monuments, providing a clear boundary definition. The possibility of an existing well on the site adds to its appeal, and the convenient proximity to the Rapid River wastewater system simplifies infrastructure considerations. Ideal for businesses such as drive-thru restaurants, coffee shops, retail outlets, or other establishments that benefit from high traffic visibility, this property offers unparalleled potential. Its prime location and versatile zoning make it an exceptional opportunity for entrepreneurs seeking a high-impact commercial presence in a thriving area. The property's address is 7683 US-2, Rapid River, MI 49878, with APN 21-012-180-004-00. The asking price is $49,900. Don't miss this chance to capitalize on this exceptional location and build your dream business.

Property profile

Verified
Property type Land
Lot 1.97 ac (85,813 SF)

Cap rate & NOI

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

Location

7683 Us-2 Rapid River, MI 49878
Rapid River metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7683 Us-2?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message