8198 Dixie Hwy, Charter Township of Berlin, MI 48166
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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