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🏢 Just listed — Commercial Land for sale in Norway, MI.

📍 TBD US2 Highway, Norway, MI
🏷  Commercial Land · For Sale
💰 $1.45M

70 ACRES OF PRIME COMMERCIAL REAL ESTATE W/ APPROX 2,200 FT OF HW FRONTAGE

<p><span style="color: rgba(0, 0, 0, 1)">Retention pond, current billboard revenue, & plenty of commercial building space</span></p>

Full financials, photos, and broker contact:
https://commrty.com/property/michigan/norway/tbd-us2-highway-2492067-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=tbd-us2-highway-2492067

#Norway #Land #CommercialRealEstate #CRE #Investment

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Home/MI/Norway

TBD US2 Highway

Norway, MI 49870

Asking Price

$1.45M

Asset Type

Commercial Land

Class

Class B

What's Special

70 ACRES OF PRIME COMMERCIAL REAL ESTATE W/ APPROX 2,200 FT OF HW FRONTAGE <p><span style="color: rgba(0, 0, 0, 1)">Retention pond, current billboard revenue, & plenty of commercial building space</span></p>

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

5.52%

DSCR

0.93

Underwater

Cash-on-Cash

-1.40%

Monthly Payment

$7,173.809

Annual Cash Flow

$-6,085.706

Location & Travel Times

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$330K

Class B | Commercial

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Listed by Owner · For Sale