7858 Dixie Hwy Newport, MI 48166-9776
This exceptional Newport, MI industrial property presents a unique investment opportunity. Located at 7858 N DIXIE, the property encompasses a 0.51-acre lot and features a main building totaling 5,580 square feet, divided into three distinct units. Unit 1 offers 2,640 square feet, Unit 2 comprises 1,500 square feet, and Unit 3 measures 1,440 square feet. The previous use as a pizzeria and bakery suggests potential for food-related businesses, while the spacious layout of one unit is well-suited for a small automotive operation. A significant advantage is the presence of a long-term tenant, providing immediate income potential. Beyond the main building, a separate 2,500 square foot structure at the rear offers additional storage or workshop space. While some cosmetic updates are recommended, the property's asking price of $110,000 reflects this need and presents an attractive entry point for investors. The property's versatile layout and prime location in Newport make it an ideal investment for entrepreneurs seeking a multi-use space with significant upside potential. The total square footage of the main building and the separate structure is 7,580 square feet. Buyer to verify all information.
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Omega Gunsmithing LLC Gun Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.