Property profile

8198 Dixie Hwy Charter Township of Berlin, MI 48166

OFF-MARKET
Lifestyle centers
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Lifestyle centers

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8198 Dixie Hwy Charter Township of Berlin, MI 48166
Charter Township of Berlin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8198 Dixie Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message