8874 Dixie Hwy Ira MI, Ira, MI 48023
This rare opportunity features a fully renovated, 5,974 sqft restaurant/bar with a 100-person capacity, liquor licenses, and three apartments, one of which is currently occupied, generating $1,500 per month in rental income, while the other two are vacant. Set on over an acre, the property boasts canal frontage on Swan Creek and sits across from Lake St. Clair, in a prime location along Dixie Highway, a major route for boaters and cottage dwellers from Clay Township, Algonac, and Harsens Island. While the bar/restaurant is not currently in operation, it offers immense potential for future business. The property includes a basement and ample parking on a fully paved lot, with room for expansion. Zoned for various uses—such as a gas station, liquor store, retail business, office/medical space, restaurant, or storage facility—this versatile space is perfect for attracting boating enthusiasts, sportsmen, and more. Don't miss out on this premium investment opportunity.
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The Swan Bar and Grille Bar & Pub
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.