Freestanding Office
For Sale
$180,000
2427 Fort Street, Wyandotte, MI 48192
Compact commercial building with an adaptable interior along an established business corridor.
Property Size1,560 SF
Price / SF$115.38
Days on Market56
Property Features for 2427 Fort Street
General Information
Standard status
Active
Size
1,560 SF
Additional Details
Road Access
Yes
Building Details
Buildings
1
Building Size
1,560 SF
Listing Agency:
Coldwell Banker Professionals-Northville
(248) 347-3050
Listed By:
George Stathakis · License #6501380479
(734) 818-0546
Source:
Charterpropertiesgr
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 28 at 8:33AM
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 Coldwell Banker Professionals-Northville
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 1,560-square-foot office building is arranged for professional or general business use and was previously occupied as office space. Its compact footprint and adaptable layout provide a straightforward setting for an owner-user, small business, or professional practice.
The property is positioned at 2427 Fort St. in Wyandotte, along a commercial corridor with nearby businesses, professional services, retail, and other commercial activity. Fort Street access connects the property with surrounding Downriver communities.
The property is positioned at 2427 Fort St. in Wyandotte, along a commercial corridor with nearby businesses, professional services, retail, and other commercial activity. Fort Street access connects the property with surrounding Downriver communities.
Key Highlights
- Approximately 1,560 sq. ft. of building area
- Previously used for office purposes
- Adaptable layout for professional or business use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,370
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$107,400
$107.4K
Cap Rate 7%
$76,714
$76.7K
Cap Rate 9%
$59,667
$59.7K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$9.4K $6.00/SF
− Vacancy
−$2.2K −$1.41/SF
EGI
$7.2K $4.59/SF
− OpEx
−$1.8K −$1.15/SF
NOI
$5.4K $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%
$107,400
Cap Rate 7%
$76,714
Cap Rate 9%
$59,667
Alternative Uses
Best Use
Office B
$76.7K
$67.1K – $89.5K
NOI $5,370 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$288.8K
$252.7K – $337.0K
NOI $20,218 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 48192, MI
25,058
Population
11,441
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
91%
High-School Grad
5.3 sq mi
ZIP Area
4,728
Density / Sq Mi
$67,846
Median Household Income
$42,999
Median Earnings
$995
Median Rent
$159,700
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 - Compact commercial building with an adaptable interior along an established business corridor.
Where is this office building located?
The property is located at 2427 Fort Street Wyandotte, MI.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Approximately 1,560 sq. ft. of building area; Previously used for office purposes; Adaptable layout for professional or business use
