7683 Us-2, Rapid River, MI 49878
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.