702 Main St Norway, MI 49870
This exceptional opportunity presents the chance to acquire a thriving, established bridal shop located at 702 Main St, Norway, MI 49870. The business, Luv U More Bridal, occupies a 1,590 square foot Class A storefront building situated on a 0.05-acre lot. Built in 1900 and renovated in 2000, the two-story building boasts ample parking (5 spaces) and features dedicated office space, spacious dressing rooms, and convenient storage. The property is zoned for business use and enjoys 100% occupancy, with the current lease expiring July 22, 2024. The asking price is $225,000, translating to $141.51 per square foot. The land value alone is $95.74 per square foot. This turn-key operation includes all existing inventory and offers a unique opportunity to own a piece of the thriving wedding industry in a prime downtown location with excellent traffic flow. The business is renowned for offering high-quality wedding gowns, black-tie attire, and high school formalwear, including tuxedo rentals. The property's Air Rights are 1,590 sq ft, and the APN is 05333200400. This is a private sale.
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
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