702 Main St Norway, MI 49870
- Retail properties
- 1,590 SF
- 0.05 lot acres
Current Use by Public Records
- Retail properties
Property Details for 702 Main St
- Year built
- 1900
- Lot size
- 0.05 lot acres
- Property size
- 1,590 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Norway
- County
- Dickinson
- State
- Michigan
- Longitude
- -87.9073
- Latitude
- 45.7873
