8874 Dixie Highway $350,000

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    8874 Dixie Highway Ira, MI 48023

    Sold
    SOLD 4/30/2021

    $350,000

    Market Estimate
    • 5,974 sq. ft.
    • 1.04 Acres
    • Commercial
    • MLS# 31379807
    8874 Dixie Highway, Ira, MI 48023
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    Listing provided courtesy of: Realty Executives Home Towne Chesterfield - 586-684-3609
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    Property Details

    Description

    COVID PROOF CASH FLOWING PROPERTY: 3 Rental Unit + 1 Long Closed Restaurant + LIQUOR LICENSE = Positive NOI! Seller is motivated! Call RE: Land Contract Terms! Property: Liquor License, Three Income producing Tenant Occupied Apartments, a 100 person capacity Restaurant (completely re-done from top to bottom inclusive of extensive mechanical updates) set on over 1 Acre offering Canal Frontage on back end with frontage across from Lake St. Clair. Familiar with Clay Township, Algonac or Harsens Island? Premium location set on the main vein roadway (Dixie Highway) to what is the premier Boater & Cottage Dweller local. Success is built into this Commercial Parcel via existing Rental Income plus the premium location of One-Way to Waterway Fun! Showings prior to an offer will only be by reviewing video tour and photos.

    • General Features
      • Acreage 1.04
      • Area Municipality Ira Twp (74037)
      • County St. Clair
      • Originating MLS MiRealSource
      • Ownership Private
      • Total SqFt Finished 5974
      • Waterfront Y/N No
      • Year Built 1929
    • Property Features
      • Water Public Water at Street
      • Lot Size 177 x 300 x 177 x 300
      • Sewer Septic Public Sanitary

    Neighborhood

    48023 (Ira) Demographics

    44 Median Age
    297 Population Density (per sq. mile)
    39% College Educated
    $77,892 Estimated Median Income
    1,809 Estimated Total Home Owners
    189 Estimated Total Renters
    91% / 9% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    5,089 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $289,950 Median Sales Price
    4 Homes Sold
    4 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        4/30/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $350,000
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.