Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16705 Fort Street Southgate, MI 48195

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6 SF/Yr

    Retail space available near a large Kroger Marketplace.

    Type:Retail
    Property size:
    38,000 SF
    Added:
    Nov 22, 2025
    Days on Market:
    135
    Last Refresh:
    Mar 19 at 10:47 pm

    Property Features for 16705 Fort Street

    General Information

    Standard status
    Active
    Size
    38,000 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Scott Young
    Scott Young

    Listing agent Scott Young

    Listing office CBRE | Detroit

    Listing date Nov 22, 2025

    Source Cbre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Detroit

    Overview

    Retail Space Near Kroger Marketplace

    This retail space is located in a center anchored by a newer Kroger Marketplace, which is the largest Kroger in the State of Michigan. The property benefits from excellent visibility and traffic on Fort Street. Monument and building signage is available. The location is on Fort Street near Pennsylvania Road. The property size is 38000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Western Union Bank Kroger Fuel Center Gas Station Primo Water Refill Big Box & Wholesale Store Kroger Marketplace Grocery & Convenience Store KeyMe Locksmiths Locksmith

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Secretary of State Self-service Station — 16705 Fort St, Southgate, MI 48195
    • Quick-Tag — Meijer, 16300 Fort St, Southgate, MI 48195
    • Coinstar — Kroger, 16705 Fort St, Southgate, MI 48195

    Location Insight

    • Map
    • Local Demand
    City
    Southgate
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1858
    Latitude
    42.1863

    Nearby Similar for Lease

    • Contact for pricing

      Retail/Medical Space on Northline Road

      High-traffic location suitable for retail or medical use.
      12967 Northline, Southgate, MI 48195
      View Details
    • $6/mo

      Retail Space For Rent

      Single tenant retail space available for lease.
      13545 Eureka Rd, Southgate, MI 48195
      View Details
    • Contact for pricing

      Retail/Office Space on Northline Road

      3,800 SF retail/office space with high traffic counts.
      14328 Northline Road, Southgate, MI 48195
      View Details
    • Contact for pricing

      Retail Center on Eureka Road

      Retail center in a high-traffic downriver retail corridor.
      14155 Eureka Rd, Southgate, MI
      View Details
    • Contact for pricing

      Office Space Available for Rent

      Office space for rent at 16136 Eureka Rd, Southgate.
      16136 Eureka Rd, Southgate, MI 48195
      View Details
    • Contact for pricing

      Retail Outlot with Drive-Thru

      Retail space with drive-thru capability available for ground lease.
      14437 Eureka Rd, Southgate, MI
      View Details
    • $162/mo

      Retail Space For Rent

      Single tenant retail space available, approximately 1,150 square feet.
      13256 Northline Rd, Southgate, MI 48195
      View Details
    • Contact for pricing

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      13667 Eureka Road, Southgate, MI 48195
      View Details
    • Contact for pricing

      Retail/Office Space with Kitchenette

      Versatile space suitable for retail or office use with kitchenette.
      17525-18605 Eureka Rd, Southgate, MI
      View Details
    • Contact for pricing

      Office Space For Rent

      Office space available for lease in Southgate, Michigan.
      Southgate, MI 48195
      View Details
    • Contact for pricing

      Industrial Property with I-75 Frontage

      Industrial property with frontage on I-75 in Southgate, Michigan.
      15500 Noecker Wy, Southgate, MI
      View Details
    • Contact for pricing

      Southgate Commercial Space Available

      Prime commercial property in Southgate, Michigan, suitable for various uses.
      1 Heritage Place, Southgate, MI 48195
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available near a large Kroger Marketplace.
    Where is this shopping center located?
    The property is located at 16705 Fort Street Southgate, MI.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Anchored by the largest Kroger Marketplace in Michigan.; Excellent visibility.; High traffic location on Fort Street.
    (248) 936-6832
    We can help!
    Listing Contact
    Scott Young
    Scott Young
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!