3407 Michigan Ave Norfolk, NE 68701
This exceptional 5.63-acre commercial and industrial land parcel is ideally situated in Norfolk, Nebraska's Bradford Business Park, at the northeast intersection of South 37th Street and West Omaha Avenue. The property is part of Phase 1, with 12 remaining lots available, and a future Phase 2 planned. Zoned I-1, it's perfectly suited for industrial or heavy commercial development. All utilities are conveniently located on-site, making this a truly "shovel-ready" opportunity. The lot offers significant advantages due to its size and accessibility, being within Norfolk city limits and close proximity to Highways 275 and 81. This location provides excellent access to transportation networks, facilitating efficient logistics and distribution. The asking price for this expansive lot is $292,812. The property is easily configurable to meet diverse business needs, ranging from expansion projects to new business ventures. This presents a rare chance to acquire a strategically positioned lot in a thriving business park, offering significant potential for growth and return on investment. Contact us today to explore the possibilities.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.