Property profile

W6139 Us Highway 2 Norway, MI 49870

OFF-MARKET
Retail space
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Property summary

AI-generated overview

Turn key home and business on 5 acres just outside of town will have your stress drained away the minute you set foot on this idyllic property. Located in Dickinson County, you'll enjoy stunning views of the rolling hills behind this lovely home while taking advantage of the many amenities and outdoor adventures within a few minutes' drive. If you have a dream of a homestead where you can live and grow a business, you'll be right at home here at Rainbow's End Alpacas and Gifts. The owners have done just that, and find it's time to share their love for this well maintained, comfortable home, the adorable alpacas, the yarn and gift shop, and this beautiful piece of land.The established business has many return visitors; over the years, the owners have learned a thing or two about a running a profitable retail business and are willing to share what's worked for them. The quirky personalities of the alpacas and their fleece have therapeutic benefits for people of all ages. With a good fit for the new owners, the sellers would like to see the alpacas stay with the property that they know as home. You will experience all the "warm fuzzies" when you tour this unique Upper Peninsula opportunity!

Property profile

Verified
Property type Retail space

Cap rate & NOI

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

Location

W6139 Us Highway 2 Norway, MI 49870
Norway metro
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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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
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