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    8198 Dixie Hwy Charter Township of Berlin, MI 48166

    For Lease
    $12 SF/Yr

    1,000 sq ft Retail Space in Newport, MI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail opportunity is located at 8198 N Dixie Hwy, Newport, Michigan, within the Charter Township of Berlin (zip code 48166). The property, known as Fermi III, is a 1.33-acre lot featuring a recently updated shopping center with multiple tenancies. Currently, one 1,000 square foot retail space is available for lease. Alternatively, two separate 1,000 square foot units can be combined to create a larger 2,000 square foot space. The property enjoys a high-traffic location, benefiting from an average daily traffic count of 4200 vehicles. Its strategic placement adjacent to Fermi III and alongside a thriving convenience store ensures excellent visibility and potential customer base. This versatile space is ideally suited for a variety of retail, restaurant, or service-based businesses. The lease is a gross lease. The property is situated in Monroe County and offers a single building suite within a well-maintained shopping center. This is a rare opportunity to establish a business in a high-traffic area with excellent visibility and established neighboring businesses. Contact us today to learn more about this exceptional retail space.

    Property Features for 8198 Dixie Hwy

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF
    Rate per SF
    $12
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charter Township of Berlin
    County
    Monroe
    State
    Michigan
    Longitude
    -83.2820435
    Latitude
    41.9961187

    Nearby Comparable

    • $12 SF/Yr

      Fermi III Retail Plaza Space

      Prime Retail Space, Monroe County
      8196 Dixie Hwy, Charter Township of Berlin, MI 48166
      View Details
    • $12 SF/Yr
      1,000 SF

      Updated Plaza Retail Space Available

      Updated retail spaces near Fermi III, suitable for various businesses.
      8196 N Dixie Hwy, Newport, MI 48166
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    • $12 SF/Yr
      1,310 SF

      Newport Office Space For Rent

      Office spaces with build-to-suit options, high visibility, ample parking.
      7825 N Dixie Hwy, Newport, MI 48166
      View Details
    • $12 SF/Yr
      1,555 SF

      Newport Office Space For Rent

      Office space with build-to-suit options in high-traffic area.
      7825 N Dixie Hwy, Newport, MI 48166
      View Details
    • $7 SF/Yr
      1,310 SF

      Newport Office Space For Rent

      Prime office space with build-to-suit options in a growing corridor.
      7825 N Dixie Hwy, Newport, MI 48166
      View Details
    • $12 SF/Yr
      2,098 SF

      Newport Office Space For Lease

      Office space with build-to-suit options in a growing corridor.
      7825 N Dixie Hwy, Newport, MI 48166
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - 1,000 sq ft Retail Space in Newport, MI
    Where is this lifestyle center located?
    The property is located at 8198 Dixie Hwy Charter Township of Berlin, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    Request Owner's contact information
    8198 Dixie Hwy Charter Township of Berlin, 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
    8198 Dixie Hwy Charter Township of Berlin, MI 48166
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