702 Main StNorway, MI 49870

Property Details for 702 Main St

Year built

1900

Lot size

0.05 AC

Property size (Sq ft)

1,590 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional opportunity presents the chance to acquire a thriving, established bridal shop located at 702 Main St, Norway, MI 49870. The business, Luv U More Bridal, occupies a 1,590 square foot Class A storefront building situated on a 0.05-acre lot. Built in 1900 and renovated in 2000, the two-story building boasts ample parking (5 spaces) and features dedicated office space, spacious dressing rooms, and convenient storage. The property is zoned for business use and enjoys 100% occupancy, with the current lease expiring July 22, 2024. The asking price is $225,000, translating to $141.51 per square foot. The land value alone is $95.74 per square foot. This turn-key operation includes all existing inventory and offers a unique opportunity to own a piece of the thriving wedding industry in a prime downtown location with excellent traffic flow. The business is renowned for offering high-quality wedding gowns, black-tie attire, and high school formalwear, including tuxedo rentals. The property's Air Rights are 1,590 sq ft, and the APN is 05333200400. This is a private sale.

Location Insight

City

Norway

County

Dickinson

State

Michigan

Latitude

45.7873

Longitude

-87.9073

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