Light Industrial Building with
9972 Dixie Highway Ira Twp, MI 48023
For Sale
$499,900
Versatile light industrial building with dedicated office space and multiple roll-up doors for trades, fabrication, and warehousing use.
Property Size3,400 SF
Lot Size1.00 Acre
Price / SF$147.03
Days on Market78
Property Features for 9972 Dixie Highway
General Information
Standard status
Active
Size
3,400 SF
Lot size
1.00 Acre
Property subtype
General Commercial
Building Details
Year Built
1975
Listing Agency:
Realty Professional Group LLC
(586) 254-5111
Listed By:
Jennifer Gogo · License #327932
Source:
Xome
Added: May 14
Changed: Jul 10
Last Checked: Jul 29 at 5:12PM
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 Realty Professional Group LLC
Investment Insights
Based on property information with market context.
This light industrial property includes a separate professional office entrance and office space with A/C, along with an employee lunchroom, bathroom, storage room, and utility room. The shop area totals approximately 1,900 sq. ft., with an additional enclosed 500 sq. ft. loading area, supporting a wide range of light industrial operations. The facility is equipped with three overhead roll-up doors, 3-phase electrical service, steel beam construction, duct heat, and concrete aprons, plus a spacious side loading area designed to support deliveries and day-to-day work flows.
The building is set back from the road and offers convenient access to I-94, with high visibility along M-29. It is directly across from Lake St. Clair, and the property includes an expansive gravel parking area accommodating approximately 15+ vehicles. The rear of the site provides room for future expansion, additional storage, or construction of a pole barn.
Recent and ongoing improvements include a professionally resealed roof within the last three years, updated windows approximately seven years ago, and interior remodeling and improvements completed in 2002. Previously used as a woodworking shop, the configuration is well-suited for manufacturing, warehousing, trades, fabrication, and other commercial applications that need both an office component and an operational shop space.
The building is set back from the road and offers convenient access to I-94, with high visibility along M-29. It is directly across from Lake St. Clair, and the property includes an expansive gravel parking area accommodating approximately 15+ vehicles. The rear of the site provides room for future expansion, additional storage, or construction of a pole barn.
Recent and ongoing improvements include a professionally resealed roof within the last three years, updated windows approximately seven years ago, and interior remodeling and improvements completed in 2002. Previously used as a woodworking shop, the configuration is well-suited for manufacturing, warehousing, trades, fabrication, and other commercial applications that need both an office component and an operational shop space.
Key Highlights
- Light industrial/commercial building with 3,400+ SF on approx. 1 acre, previously used as a woodworking shop
- Separate office entrance plus office with A/C, employee lunchroom, bathroom, storage room, and utility room
- Shop area includes approx. 1,900 SF plus an additional enclosed 500 SF loading area
Financial Insights For Flex RnD
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 | $68.1k | $20.04 |
| − Vacancy | −$4.8k | −$1.40 |
| EGI | $63.4k | $18.64 |
| − OpEx | −$22.2k | −$6.52 |
| NOI | $41.2k | $12.11 |
3,400 SF · lease $20.04/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$588.4K
$514.9K – $686.5K
NOI $41,188 @ 7.0% cap · market cap 8.24%
Second Best
Warehouse
$345.6K
$302.4K – $403.2K
NOI $24,189 @ 7.0% cap · market cap 4.84%
Theoretical Best
Multifamily LT 5
$2.56M
$2.24M – $2.98M
NOI $178,920 @ 7.0% cap · market cap 35.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Versatile light industrial building with dedicated office space and multiple roll-up doors for trades, fabrication, and warehousing use.
Where is this flex space located?
The property is located at 9972 Dixie Highway Ira Twp, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Light industrial/commercial building with 3,400+ SF on approx. 1 acre, previously used as a woodworking shop; Separate office entrance plus office with A/C, employee lunchroom, bathroom, storage room, and utility room; Shop area includes approx. 1,900 SF plus an additional enclosed 500 SF loading area
