Property profile

1336 Southfield Rd Lincoln Park, MI 48146

FOR SALE
Medical Office Space
Property ID
US43-1627079
4,710 SF 0.17 ac lot Built 1937
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 4,300 square foot medical office building, located at 1336 Southfield Road in Lincoln Park, Michigan, presents a fantastic investment opportunity. Priced at $200,000, this multi-tenant property boasts prime commercial exposure with ample frontage on Southfield Road, ensuring high visibility and accessibility. The building benefits from its strategic location, experiencing extremely high traffic counts due to its proximity to major thoroughfares including I-75, John R. Papalas Drive, Garfield Avenue, Howard Street, and the Detroit-Toledo Freeway and Southfield Freeway. Detailed traffic counts are available upon request, showing figures exceeding 89,000 vehicles daily on nearby roadways. The flexible floor plan allows for easy division into two separate tenant spaces, providing versatility and potential for increased rental income. The property's convenient location offers easy access to a variety of restaurants and retail amenities, enhancing its appeal to both tenants and employees. All furniture, fixtures, and equipment (FF&E) are included in the sale price, making this a turnkey operation. This is a rare opportunity to acquire a well-situated, high-traffic medical office building in a thriving area of Wayne County, Michigan, with zip code 48146. The property is zoned for medical office use.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1937
Total area 4,710 SF
Lot 0.17 ac (7,405 SF)
APN 45 006 04 0028 301
UPID US43-1627079

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician

Location

1336 Southfield Rd Lincoln Park, MI 48146
Lincoln Park metro Census 577100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2021
Last sale
$152,500
2 recorded transactions
2021
Price N/A
2021
$152,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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