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Updated Plaza Retail Space Available

8196 N Dixie Hwy, Newport, MI 48166

For Lease
$12 SF/Yr

Versatile retail spaces in updated plaza near Fermi III.

Space SizeContact for details
Lot Size1.33 Acres
Days on Market245

Property Features for 8196 N Dixie Hwy

General Information

Standard status Active
Lot size 1.33 Acres
Property subtype Commercial

Building Details

Year Built 2002
Listing Agency: Coldwell Banker Commercial Haynes Real Estate
Listed By: Tom Fritz · License MI #6506045434
Source: Elliman
Added: Mar 10 Changed: Aug 26 Last Checked: Aug 16 at 4:10AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Haynes Real Estate

Rey
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Investment Insights

Based on property information with market context.

Located within a recently updated plaza, options include a 2000-square-foot unit or two separate 1000-square-foot units. The property is adjacent to Fermi III and shares a strip center with a convenience store. The location benefits from average daily traffic of 4200 cars. This space is suitable for retail, restaurant, or service businesses. The lease is a gross lease, with no taxes paid by the tenant.

Key Highlights

  • Versatile space ideal for retail, restaurant, or service businesses.
  • Choose a spacious 2000SF unit or two separate 1000SF units.
  • Located adjacent to Fermi III.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Auto Repair Shop Parking Lot & Garage Pharmacy Electrical Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

39
Businesses Nearby

Demographics for 48166, MI

13,170
Population
5,387
Households
2.4
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
26.6 sq mi
ZIP Area
495
Density / Sq Mi
$70,923
Median Household Income
$36,946
Median Earnings
$1,203
Median Rent
$217,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF/Yr for Retail space in Monroe County, MI

$11.18 Jul
$18.58 Aug
$16.19 Sep
$17.08 Oct

Properties on Market for Retail space in Monroe County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Versatile retail spaces in updated plaza near Fermi III.
Where is this retail space located?
The property is located at 8196 N Dixie Hwy Newport, MI.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Versatile space ideal for retail, restaurant, or service businesses.; Choose a spacious 2000SF unit or two separate 1000SF units.; Located adjacent to Fermi III.
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