7101 Dixie HwyNewport, MI 48166

Property Details for 7101 Dixie Hwy

Year built

1948

Lot size

1.76 AC

Property size (Sq ft)

3,283 SF

Property type

Bars

Property subtype

Pubs

APN

03-007-027-00

APU

300702700

Description

This exceptional industrial property located at 7101 N DIXIE, Newport, MI presents a compelling investment opportunity. Boasting a generous 3,283 square feet of space, the building is situated on a sizable 1.76-acre lot, offering ample room for expansion or outdoor operations. Recent improvements significantly enhance its value and functionality. These upgrades include a freshly painted and cleaned interior, providing a move-in ready space for immediate occupancy. Furthermore, a newer roof and furnace have been installed, ensuring long-term cost-effectiveness and reduced maintenance needs. Several other building upgrades have also been completed, further enhancing its appeal. The property's expansive lot size provides significant flexibility for various business applications. This is a rare opportunity to acquire a well-maintained industrial building with recent upgrades in a desirable location. Don't miss out on this chance to secure a valuable asset with significant potential for growth and return on investment. The asking price is $125,000. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $826,155

  6.5%

  $762,604

  7%

  $708,133

• Comparable approach

  Method

  Valuation

  Relative Method

  $773,871

  Geo Method

  $773,871

• Alternative Use

  Use

  Valuation

  Residential

  $643,285

  Hospitality

  $589,246

  Educational

  $490,246

  Medical

  $507,106

  Retail

  $762,604

Location Insight

City

Newport

County

Monroe

State

Michigan

Latitude

41.9807

Longitude

-83.2902

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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