Office Building with
New
For Sale
$150,000
2227 Fort St, Lincoln Park, MI 48146
Six private offices are complemented by reception, storage, two bathrooms and a two-car garage.
Property Size2,134 SF
Days on Market2
Property Features for 2227 Fort St
General Information
Standard status
Active
Size
2,134 SF
Total Parking Spaces
2
Property subtype
Commercial
Additional Details
Road Access
Yes
Office Units
6
Taxes and HOA fees
Annual Taxes
$3,000
Amenities
storage
reception
2 bathrooms
Building Details
Building Size
2,134 SF
Year Built
1946
Year Renovated
2007
Buildings
1
Listing Agency:
RE/MAX Dream Properties
Listed By:
Rakesh Gangwani · License #6501385624
(734) 624-9159
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:43PM
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 RE/MAX Dream Properties
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Investment Insights
Based on property information with market context.
Built in 1946, this office property has six offices, a reception area, storage, two bathrooms and a two-car garage. Its current zoning is for a medical building.
The 2007 renovation included new electrical, plumbing and HVAC systems. The building also has a new roof and is located at 2227 Fort St in Lincoln Park, Michigan.
The 2007 renovation included new electrical, plumbing and HVAC systems. The building also has a new roof and is located at 2227 Fort St in Lincoln Park, Michigan.
Key Highlights
- Six offices, reception area and storage
- Two bathrooms and a two‑car garage
- Currently zoned for a medical building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,346
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,920
$146.9K
Cap Rate 7%
$104,943
$104.9K
Cap Rate 9%
$81,622
$81.6K
Market Conditions
NOI Build-Up for 2,134 SF
Gross rent
$12.8K $6.00/SF
− Vacancy
−$3.0K −$1.41/SF
EGI
$9.8K $4.59/SF
− OpEx
−$2.4K −$1.15/SF
NOI
$7.3K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,920
Cap Rate 7%
$104,943
Cap Rate 9%
$81,622
Alternative Uses
Best Use
Office B
$104.9K
$91.8K – $122.4K
NOI $7,346 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$395.1K
$345.7K – $461.0K
NOI $27,657 @ 7.0% cap · market cap 18.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Six private offices are complemented by reception, storage, two bathrooms and a two-car garage.
Where is this office building located?
The property is located at 2227 Fort St Lincoln Park, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Six offices, reception area and storage; Two bathrooms and a two‑car garage; Currently zoned for a medical building
