9796 Dixie Hwy, Erie, MI 48133-9232
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.
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First Merchants Bank ATM Atm
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ATM Atm
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
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.