Downtown Erie Office
For Sale
$125,000
Pending
9785 S DIXIE Highway, Erie, MI 48133
Well-maintained office building ideal for medical or service business.
Property Size1,160 SF
Lot Size0.14 Acres
Days on Market1089
Property Features for 9785 S DIXIE Highway
General Information
Standard status
Pending
Size
1,160 SF
Lot size
0.14 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1987
Listing Agency:
Loss Realty Group
(734) 847-2200
Listed By:
Jim Loss · License #6502130540
(734) 847-2200
Source:
Exitrealty
Added: Aug 9, 2023
Changed: Jul 6
Last Checked: Jul 31 at 5:08AM
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 Loss Realty Group
Investment Insights
Based on property information with market context.
This well-maintained brick office building is situated in downtown Erie, Michigan, directly behind the Erie Township municipal building. The property is suitable for a medical office, dental office, or small service business office. It features frontage on Dixie Highway and alley access to the rear. A newer concrete driveway leads to parking at the back of the building. The interior includes 4 private offices, a reception room, 2 storage rooms, 2 bathrooms, and a mechanical room. The building offers approximately 1160 square feet of space and is move-in ready.
Key Highlights
- Move‑in ready condition.
- Prime location in Downtown Erie, Michigan, behind the municipal building.
- Suitable for medical, dental, or small service business.
Financial Insights For Healthcare Medical
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 | $17.4k | $15.00 |
| − Vacancy | −$1.7k | −$1.50 |
| EGI | $15.7k | $13.50 |
| − OpEx | −$6.3k | −$5.40 |
| NOI | $9.4k | $8.10 |
1,160 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$184.2K
$161.1K – $214.9K
NOI $12,891 @ 7.0% cap · market cap 10.31%
Second Best
Healthcare Medical
$134.2K
$117.5K – $156.6K
NOI $9,396 @ 7.0% cap · market cap 7.52%
Theoretical Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $83,747 @ 7.0% cap · market cap 67.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48133, MI
5,500
Population
2,646
Households
2.1
Avg Household Size
45
Median Age
20%
College-Educated
91%
High-School Grad
27.2 sq mi
ZIP Area
202
Density / Sq Mi
$65,867
Median Household Income
$45,274
Median Earnings
$851
Median Rent
$181,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained office building ideal for medical or service business.
Where is this medical office space located?
The property is located at 9785 S DIXIE Highway Erie, MI.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Move‑in ready condition.; Prime location in Downtown Erie, Michigan, behind the municipal building.; Suitable for medical, dental, or small service business.
