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    7858 Dixie Hwy Newport, MI 48166

    For Sale
    $110,000

    Multi-unit industrial building, great potential!

    Property size:
    7,580 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional Newport, MI industrial property presents a unique investment opportunity. Located at 7858 N DIXIE, the property encompasses a 0.51-acre lot and features a main building totaling 5,580 square feet, divided into three distinct units. Unit 1 offers 2,640 square feet, Unit 2 comprises 1,500 square feet, and Unit 3 measures 1,440 square feet. The previous use as a pizzeria and bakery suggests potential for food-related businesses, while the spacious layout of one unit is well-suited for a small automotive operation. A significant advantage is the presence of a long-term tenant, providing immediate income potential. Beyond the main building, a separate 2,500 square foot structure at the rear offers additional storage or workshop space. While some cosmetic updates are recommended, the property's asking price of $110,000 reflects this need and presents an attractive entry point for investors. The property's versatile layout and prime location in Newport make it an ideal investment for entrepreneurs seeking a multi-use space with significant upside potential. The total square footage of the main building and the separate structure is 7,580 square feet. Buyer to verify all information.

    Property Features for 7858 Dixie Hwy

    General Information

    Property type
    Industrial properties
    Square Feet
    7,580 SF
    Lot Size
    22,216 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Omega Gunsmithing LLC Gun Shop

    Suggested Use

    Building Supply Auto Repair Shop Pharmacy Kitchen & Bath Bar & Pub Cafe & Coffee Shop Electrical Service Pawn Shop Wine and Liquor Store Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Monroe
    State
    Michigan
    Longitude
    -83.28866
    Latitude
    41.99189

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    FAQs

    What type of property is this?
    Industrial property - Multi-unit industrial building, great potential!
    Where is this industrial property located?
    The property is located at 7858 Dixie Hwy Newport, MI.
    What is the asking price?
    The asking price for this property is $110,000.
    (734) 506-8986
    Request Owner's contact information
    7858 Dixie Hwy Newport, MI 48166
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    Newport, MI 48166
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7858 Dixie Hwy Newport, MI 48166
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