9861 Dixie Hwy Clarkston, MI 48348-2476
For Sale
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Property summary
This exceptional 10,407 square foot industrial property, situated on a 1.3-acre lot with over 300 feet of waterfront on all-sports Dixie Lake in Clarkston, MI, presents a unique investment opportunity. The building, formerly a fabrication facility, has undergone a complete transformation, featuring four separate, upscale retail units, each with its own entrance. Recent renovations included a new roof, plumbing, and electrical systems (including 220/440v service), two furnaces, seven high-efficiency wall units, a new water heater, and a full interior reconstruction. Upgrades encompass custom flooring, ceilings, walls, recessed lighting, windows, and doors. Three overhead doors provide convenient access. Unit A boasts a lavish office space, and a custom kitchen with stainless steel Whirlpool appliances, granite countertops, dual sinks, custom cabinets, and a large center island is also included. Two powder rooms and one full bathroom are available. Exterior improvements include fresh interior and exterior paint, extensive concrete work, a fence, and a seawall with a dock providing direct lake access. A 16-camera security system (9 cameras currently installed) enhances security. The property offers significant income potential, with an estimated monthly income exceeding $15,000 based on current lease rates of $18 per square foot (area average is $20+). The property is being sold as-is.
Property profile
VerifiedCap rate & NOI
Current use
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Metal Fabrication Plant Factory
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Clarkston market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
OS-OFF · Clarkston, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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