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    8874 Dixie Hwy Ira, MI 48023

    Sponsored
    For Sale
    $675,000

    Prime location, high potential, vacant.

    Property size:
    5,974 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property in Ira, Michigan, presents a unique investment opportunity. Located at 8874 Dixie Hwy, this 5,974 square foot building sits on a 1.04-acre lot and is zoned B2-General Business, allowing for diverse uses. Built in 1930, the two-story structure currently stands vacant, offering a blank canvas for a new owner. The property's prime location along Dixie Highway, a major thoroughfare for boaters and residents of nearby communities, provides excellent visibility and accessibility. The expansive lot features ample paved parking and room for potential expansion. The property's versatility allows for a range of business ventures, including but not limited to a convenience store, gas station, liquor store, retail establishment, office/medical space, restaurant, or storage facility. Its canal frontage on Swan Creek and proximity to Lake St. Clair further enhance its appeal. The property's history includes a previously renovated restaurant/bar with a 100-person capacity and three apartments, one of which previously generated $1,500 monthly rental income. This presents a compelling opportunity to capitalize on the property's location and zoning flexibility to create a thriving business or rental income stream. The asking price is $675,000.

    Property Features for 8874 Dixie Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,974 SF
    Lot Size
    45,302 SF

    Building Details

    Year Built
    1930
    Buildings
    1
    Stories
    2

    HighLights

    • $675,000 asking price for a mixed‑use, vacant convenience store.
    • 5,974 square feet on a 1.04‑acre lot in Ira, MI.
    • Two‑story, 1930‑built building with B2‑General Business zoning.
    • Currently configured as a renovated restaurant/bar with three apartments (one occupied, generating $1,500/month).
    • Located on Dixie Highway with canal frontage and proximity to Lake St. Clair.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Swan Bar and Grille Bar

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Wholesale Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ira
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.6591314
    Latitude
    42.6809702

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, high potential, vacant.
    Where is this individual retail property located?
    The property is located at 8874 Dixie Hwy Ira, MI.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: $675,000 asking price for a mixed-use, vacant convenience store.; 5,974 square feet on a 1.04-acre lot in Ira, MI.; Two-story, 1930-built building with B2-General Business zoning.
    Request Owner's contact information
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    Ira, MI 48023
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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
    8874 Dixie Hwy Ira, MI 48023
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