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Property profile & analytics
OFF-MARKET
Commercial real estate

1028 Main St Norway, MI 49870-1254

1,400 SF 0.23 ac lot Built 1900
Individually Owned Absentee Owner Free & Clear
Property ID
US43-2820919
Property summary
AI-generated overview

This exceptional 1,400 square foot industrial building is ideally situated on Main Street in Norway, Michigan, in the heart of the central Upper Peninsula. Currently operating as an antique and collectibles shop, this property presents a multitude of commercial possibilities for a discerning buyer. The building boasts a completely refurbished interior in like-new condition, offering a modern and functional space. A convenient main floor lavatory adds to the practicality of the layout. The full basement provides ample workshop and storage space, enhancing the property's versatility. Notable features include central air conditioning and impressive nine-foot ceilings throughout. The property sits on a 0.17-acre lot, providing sufficient space for operations and potential expansion. Much of the existing antique and collectibles inventory is available for purchase as part of the sale, presenting a unique opportunity for a turnkey business acquisition. This property is priced competitively at $130,000 and represents an excellent investment opportunity in a desirable location. The building's prime location on Main Street ensures high visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. Don't miss this chance to own a meticulously maintained and well-positioned commercial property in the vibrant community of Norway, Michigan.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 1,400 SF
Lot 0.23 ac (10,019 SF)
APN 053-031-002-00
UPID US43-2820919
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
  • Not Just Another Resale Shop Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
ROBERT KUEHL
ROBERT KUEHL
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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