Two-Story Free-Standing Retail
9405 Dixie Hwy Clarkston, MI 48348
9405 Dixie Hwy, Clarkston, MI, 48348
$399,900
For Sale
$399,900
Free-standing two-story commercial building on C2 land with 153' road frontage and access to a back storage lot.
Property Size3,168 SF
Lot Size1.22 Acres
Price / SF$126.23
Days on Market21
Property Features for 9405 Dixie Hwy
General Information
- Standard status
- Active
- Size
- 3,168 SF
- Lot size
- 1.22 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1979
Listing agency
Wilhelm & Associates
(248) 625-9500
Listed by
Thomas Wilhelm · License #6501196948
(248) 625-9500
Source
Elliman
Added: Jul 1 Updated: Jul 20 at 11:33PM Checked: Jul 20 at 11:33PM
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 Wilhelm & Associates
Investment Insights
Based on property information with market context.
Free-standing two-story commercial building totaling 3,168 SF on 1.22 acres of C2 land. The property includes a metal roof and a well/septic setup. The building is currently leased through October 31, after which it will operate month-to-month at $1,600 per month.
Located on Dixie Hwy on the corner of Dixie and Old Pond Drive, the site offers 153' of road frontage and visibility. Access is available to a large back storage lot.
The tenant is responsible for lawn and snow maintenance, as well as gas, electric, and trash. The adjacent property next door is also for sale under MLS# 20261043391, and the seller indicates both properties may be purchased together.
Located on Dixie Hwy on the corner of Dixie and Old Pond Drive, the site offers 153' of road frontage and visibility. Access is available to a large back storage lot.
The tenant is responsible for lawn and snow maintenance, as well as gas, electric, and trash. The adjacent property next door is also for sale under MLS# 20261043391, and the seller indicates both properties may be purchased together.
Key Highlights
- Free‑standing 2‑story commercial building with 3,168 SF total, built in 1979
- Located on 1.22 acres of C2 land with 153' road frontage on Dixie Hwy
- Corner location on Dixie and Old Pond Dr with access to a large back storage lot
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.2k | $16.80 |
| − Vacancy | −$4.5k | −$1.43 |
| EGI | $48.7k | $15.37 |
| − OpEx | −$14.6k | −$4.61 |
| NOI | $34.1k | $10.76 |
3,168 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$487.0K
$426.1K – $568.2K
NOI $34,089 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$683.3K
$597.9K – $797.2K
NOI $47,832 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Free-standing two-story commercial building on C2 land with 153' road frontage and access to a back storage lot.
Where is this retail space located?
The property is located at 9405 Dixie Hwy Clarkston, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Free‑standing 2‑story commercial building with 3,168 SF total, built in 1979; Located on 1.22 acres of C2 land with 153' road frontage on Dixie Hwy; Corner location on Dixie and Old Pond Dr with access to a large back storage lot
