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    OFF-MARKET
    Land

    7683 Us-2, Rapid River, MI 49878

    1.97 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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