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    Property profile & analytics
    OFF-MARKET Estimated value $605,000
    Warehouses

    9861 Dixie Hwy, Clarkston, MI 48348-2476

    10,291 SF 1.31 ac lot Built 1981
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US43-5024485
    Property summary
    AI-generated overview

    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
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1981
    Total area 10,291 SF
    Lot 1.31 ac (57,064 SF)
    Zoning code OS-OFF
    APN U -07-11-351-001
    UPID US43-5024485
    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
    • Iron Raven Metalworks Metal Fabrication Plant Factory
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $670k
    Blend (final) Blend
    $605k
    Owner & transaction history
    Tko Development LLC · 8 yrs held
    Tko Development LLC
    since 2018
    6 recorded transactions
    2026
    2022
    2018
    $404,000
    2005
    1969
    1969
    Zoning & alternative use
    OS-OFF · Clarkston, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $960,000 +21.9%
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