7794 US2 Highway $850,000

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    7794 US2 Highway Rapid River, MI 49878

    • 7,182 sq. ft.
    • 26.39 Acres
    • Commercial
    • MLS# 50133765
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    Views: 26 Days On Site: 284

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    Property Details

    Incredible commercial property opportunity on 26 acres of prime land! This corner lot is situated on two highways - US2 on the south and US 41 on the west, providing maximum visibility and accessibility for potential customers. The 7000 square foot building on the property offers ample space for any business venture. Not only does this property offer a fantastic location, it also boasts additional income potential with a billboard lease. The property features two established driveways, making it easy for customers and employees to access the site. Adding to the appeal of this property is its close proximity to an ATV and snowmobile trail, ensuring a steady stream of visitors year-round. And to top it all off, the picturesque Tacoosh River runs through the property, providing a peaceful and scenic backdrop for your business. Don't miss out on this rare opportunity to own a commercial property with so much potential. Schedule a showing today and see the possibilities for yourself!

    • General Features
      • Acreage 26.39
      • Area Municipality Masonville Twp (21017)
      • Body of Water Tacoosh River
      • County Delta
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership Private
      • Total SqFt Finished 7182
      • Waterfront Y/N Yes
      • Year Built 1994
      • ZONING Commercial
    • Building Features
      • Cooling System None
      • Exterior Construction Steel
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Metal
    • Property Features
      • Water Private Well
      • Water Features River Frontage, Waterfront
      • PARKING 100+ Spaces
      • Lot Size 928.45 x 767.96 x cd...
      • Roads State, U.S. Highway
      • Sewer Septic Septic

    Neighborhood

    49878 (Rapid River) Demographics

    55 Median Age
    7 Population Density (per sq. mile)
    34% College Educated
    $50,380 Estimated Median Income
    1,419 Estimated Total Home Owners
    201 Estimated Total Renters
    88% / 12% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    3,369 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $284,250 Median Sales Price
    8 Homes Sold
    4 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $850,000
        10/26/2024 12:51:25 PM Price Reduced Source: Multiple Listing Service New Value: $850,000 -14.96%
        9/7/2024 12:51:26 PM Price Reduced Source: Multiple Listing Service New Value: $999,500 -23.12%
        2/18/2024 3:52:00 PM New in Database Source: Multiple Listing Service New Value: $1,300,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.