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    Fair Haven, MI
    Multifamily

    Fair Haven, MI Multifamily Properties for Sale

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    Ira, MI New Baltimore, MI Casco, MI
    Renovated Restaurant/Bar with Apartments
    Updated: Sep 16, 2024
    Renovated Restaurant/Bar with Apartments

    Fair Haven, MI 48023

    $650,000
    5,974 sqft · 1.00 AC lot
    Fully renovated 5,974 sqft restaurant/bar with 100‑person capacity and liquor licenses
    Prime location on Dixie Highway across from Lake St. Clair with canal frontage on Swan Creek
    Three apartments included, with one generating $1,500/month in rental income
    Over an acre of land with ample parking and room for expansion
    Versatile zoning allows for various business types (gas station, liquor store, retail, office/medical, restaurant, storage)
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    This listing looks promising.

    Here's a quick look at some key insights for

    8874 Dixie Hwy, Ira, MI, Ira, MI 48023

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $41K
      Annual

    • Price @ 7% Cap

      $589K
      Suggested

    • Property Type

      Residential (General/Single)
      Built 1948
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Fair Haven, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Unit Multifamily with Conversion Potential
    Three-Unit Multifamily with Conversion Potential

    1719 Saint Clair River Drive, Algonac, MI 48001

    $225,000
    2,060 sqft · 0.21 AC lot

    One-bedroom units with central air and exterior decks, plus basement laundry and flexibility to convert to four units.

    View details
    Corner Medical Clinic with Apartments
    Corner Medical Clinic with Apartments

    69206 N Main St, Richmond, MI 48062

    $649,900
    4,860 sqft

    A downtown corner building with first-floor medical use plus five leased apartments, supported by flexible B-2 zoning.

    View details
    Algonac Multi-Unit Investment Opportunity
    Algonac Multi-Unit Investment Opportunity

    1719 Saint Clair River Dr, Algonac, MI 48001

    $225,000

    Three-unit property near Algonac State Park, potential for four units.

    View details
    Four-Unit Multifamily Property on Main
    Four-Unit Multifamily Property on Main

    70550 Main St, Richmond, MI 48062

    $225,000

    Four units in prime rental area near downtown shopping.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Expansive Land with Development Potential
    Expansive Land with Development Potential

    VL N Fleming Road, Fowlerville, MI 48836

    $6,900,000
    354.27 AC lot

    350+ acres of prime land with two scenic lakes.

    View details
    Eastlake Marina District Land
    Eastlake Marina District Land

    35783 Lake Shore Boulevard, Eastlake, OH 44095

    $765,000
    5.66 AC lot

    5.66 acres in Eastlake's Marina District, primed for development.

    View details
    Recreational Lot with Boat Slip
    Recreational Lot with Boat Slip

    831 S Main Street, Au Gres, MI 48703

    Contact for pricing
    0.01 AC lot

    Recreational condo lot at Sleepy Oaks Harbour with a boat slip for up to a 25' boat and associated trailer improvements.

    View details
    Sanford Vacant Land with Utilities
    Sanford Vacant Land with Utilities

    978 timberlynn trail, Sanford, MI 48657

    Contact for pricing
    0.80 AC lot

    Two lots with water and electric hookups, lake access.

    View details

    Fair Haven, MI Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Fair Haven, MI on our real estate platform. These investment opportunities span a total of 5,974 square feet of properties for sale, with an estimated market value of $650,000.

    Sale prices for multifamily properties in Fair Haven, MI start at $650,000, averaging $650,000, and reaching up to $650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 4,980
    Population Growth (5Y) -2.7%
    Median Household Income $79,345
    College Educated 30.7%

    Taxes & Financing

    Tax Rate (average for all types) 3.82%
    Property Tax per SF $91.81 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Clair County

    New Delisted

    Total CRE Inventory on Market (SF)

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