This rare opportunity features a fully renovated, 5,974 sqft restaurant/bar with a 100-person capacity, liquor licenses, and three apartments, one of which is currently occupied, generating $1,500 per month in rental income, while the other two are vacant. Set on over an acre, the property boasts canal frontage on Swan Creek and sits across from Lake St. Clair, in a prime location along Dixie Highway, a major route for boaters and cottage dwellers from Clay Township, Algonac, and Harsens Island. While the bar/restaurant is not currently in operation, it offers immense potential for future business. The property includes a basement and ample parking on a fully paved lot, with room for expansion. Zoned for various usesââ?¬â??such as a gas station, liquor store, retail business, office/medical space, restaurant, or storage facilityââ?¬â??this versatile space is perfect for attracting boating enthusiasts, sportsmen, and more. Don't miss out on this premium investment opportunity.
Previously Fair Haven Elementary School, 3 driveway entrance, 2 basketball hoops, a playscape, several swing sets and plenty of parking. Windows are now boarded. Fully brick, good roof. City has modified zoning to allow building to be converted/ re-developed to Condominiums or 60 Residential Single Family homes, Senior Housing.
The median home value in Fair Haven, MI is $280,200. This is higher than the county median home value of $225,000. The national median home value is $338,100. The average price of homes sold in Fair Haven, MI is $280,200. Approximately 76.8% of Fair Haven homes are owned, compared to 11.81% rented, while 11.4% are vacant. Fair Haven real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Fair Haven real estate agent to arrange a tour today!
Fair Haven, Michigan 48023 has a population of 5,089. Fair Haven 48023 is more family-centric than the surrounding county with 37.83% of the households containing married families with children. The county average for households married with children is 25.78%.
The median household income in Fair Haven, Michigan 48023 is $84,890. The median household income for the surrounding county is $62,847 compared to the national median of $69,021. The median age of people living in Fair Haven 48023 is 41.6 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 16.4 degrees. The average rainfall is approximately 32.9 inches per year, with 32.4 inches of snow per year.