8874 Dixie HwyIra, MI 48023

For Sale
$675,000

Prime location, high potential, vacant.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

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 Details for 8874 Dixie Hwy

Property type
Other retail properties, Individual retail properties
Square Feet
5,974 SF
Year Built
1930
Buildings
1
Stories
2
Lot Size (sq. ft)
45,302 SF

Location Insight

City
Ira
County
St. Clair
State
Michigan
Latitude
42.6809702
Longitude
-82.6591314
8874 Dixie Hwy, Ira, Michigan
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8874 Dixie Hwy
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