This listing is under contract.

14-unit motel on a busy highway!

705 Norway St. Norway, MI 49870

705 Norway St., Norway, MI, 49870
705 Norway St., Norway, MI, 49870
Property Type:
Cap Rate:
Last Verified:
Jul 20, 2023

Fantastic opportunity in a prime location in Norway! The 6,300+ sq ft Viking Motel is located directly on Hwy US 2 and offers 14 units PLUS 3 bedroom, 1 bathroom on-site living quarters for the owner or manager. Other amenities include a spacious carport, plenty of paved parking, and the pole for signage is in place. This property has the potential to be converted into multi-family apartments if the new owner sees fit.

Map of 705 Norway St., Norway, MI, 49870

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.