8874 Dixie Hwy Ira, MI 48023
- Grocery and convenience stores
- 5,974 SF
- 1.04 lot acres
Current Use by Public Records
- The Swan Bar and Grille / Bar / Family Restaurant
Property Details for 8874 Dixie Hwy
- Year built
- 1930
- Lot size
- 1.04 lot acres
- Property size
- 5,974 SF
- Property type
- Grocery and convenience stores
Description
This exceptional mixed-use property in Ira, Michigan, presents a unique investment opportunity. Located at 8874 Dixie Hwy, this 5,974 square foot building sits on a 1.04-acre lot and is zoned B2-General Business, allowing for diverse uses. Built in 1930, the two-story structure currently stands vacant, offering a blank canvas for a new owner. The property's prime location along Dixie Highway, a major thoroughfare for boaters and residents of nearby communities, provides excellent visibility and accessibility. The expansive lot features ample paved parking and room for potential expansion. The property's versatility allows for a range of business ventures, including but not limited to a convenience store, gas station, liquor store, retail establishment, office/medical space, restaurant, or storage facility. Its canal frontage on Swan Creek and proximity to Lake St. Clair further enhance its appeal. The property's history includes a previously renovated restaurant/bar with a 100-person capacity and three apartments, one of which previously generated $1,500 monthly rental income. This presents a compelling opportunity to capitalize on the property's location and zoning flexibility to create a thriving business or rental income stream. The asking price is $675,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ira
- County
- St. Clair
- State
- Michigan
- Longitude
- -82.6591314
- Latitude
- 42.6809702
