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    OFF-MARKET
    Government properties

    9796 Dixie Hwy, Erie, MI 48133-9232

    0.32 ac lot
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US43-1464952
    Property summary
    AI-generated overview

    This exceptional retail property, a former bank branch, presents a unique investment opportunity in Erie, Michigan. Located at 9796 S Dixie Hwy, this 1,800 square foot building sits on a prominent corner lot spanning 0.32 acres. Built in 1951 and renovated in 1986, the property boasts 22 parking spaces, including a convenient drive-thru. The ample parking caters to high customer traffic and ensures convenient access. The property is offered without deed restrictions, providing flexibility for a wide range of commercial uses. The location in Monroe County, with a zip code of 48133, offers excellent visibility and accessibility. The property's assessed value is reflected in the annual property tax of $4,443. The asking price for this turnkey retail space is $250,000. The APN is 05 017 007 00. This is an ideal opportunity for an investor or business owner seeking a well-maintained, established property in a thriving community. The spacious layout and convenient amenities make this property a highly desirable commercial asset.

    Property profile
    Verified
    Property type Government properties
    Use group CENTRALLY ASSESSED
    Lot 0.32 ac (13,939 SF)
    APN 05-017-007-00
    UPID US43-1464952
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • First Merchants Bank ATM Atm
    • ATM Atm
    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
    Erie Township · 1 yrs held
    Erie Township
    since 2025
    1 recorded transaction
    2025
    $125,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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