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Property profile & analytics
FOR SALE
Commercial real estate

101 7Th Ave Norway, MI 49870

0.15 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US43-2820929
Property summary
AI-generated overview

This thriving automotive service station in Norway, MI, presents a unique investment opportunity. Located on a high-traffic highway, this well-established business boasts a loyal customer base and consistent revenue stream. The 1,458 square foot facility sits on a 0.15-acre lot and is fully equipped for seamless operations, including hoists, welders, and other essential tools. Recent upgrades include a newer roof, minimizing future maintenance costs. Two overhead doors allow for efficient workflow, accommodating multiple vehicles simultaneously. The comfortable working environment is ensured by radiant heating, operational year-round. The current owner is offering a smooth transition, providing temporary training to the new owner to ensure continued success. This turnkey operation is ideal for an entrepreneur seeking an established business with a proven track record or an experienced professional looking to expand their portfolio. The asking price is $239,900. This is a rare chance to acquire a profitable and well-maintained automotive service station in a prime location. The business's strong reputation and loyal clientele provide a solid foundation for future growth and profitability. Don't miss this exceptional opportunity.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.15 ac (6,534 SF)
APN 053-163-014-00
UPID US43-2820929
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
Current use
Occupant on record · Public records
  • M & D Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
RYAN WENDER
RYAN WENDER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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