Flex Building with Refurbished
3168 Fort Street Unit SourceFi Lincoln Park, MI 48146
3168 Fort Street Unit SourceFi, Lincoln Park, MI, 48146
$350,000
For Sale
$350,000
Flex building zoned 201 Commercial with newly refinished on-site parking and one bay door.
Property Size3,200 SF
Price / SF$109.38
Days on Market140
Property Features for 3168 Fort Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
Emmanuel Realty LLC
(586) 634-6228
Listed by
Tina Alfaro · License #6501312815
(586) 634-6228
Source
Xome
Added: Mar 3 Updated: Jul 19 at 1:58AM Checked: Jul 21 at 3:08AM
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 Emmanuel Realty LLC
Investment Insights
Based on property information with market context.
The sale includes 3160 & 3168 Fort St. and features an approximately 3,200 sq ft commercial building zoned 201 Commercial, offering flexibility for retail, service, or office use. The property includes a large newly refinished parking lot for customer and staff parking, and it also has one bay door suited for deliveries, storage, or light service operations. Immediate possession is available.
Situated along the high-visibility Fort Street corridor, the building benefits from strong daily traffic counts and excellent street exposure. The location provides convenient access to major roadways and is surrounded by established businesses and residential neighborhoods.
For a compact, street-exposed commercial setup with on-site parking and a bay door, this property’s existing configuration and zoning support a range of flexible uses.
Situated along the high-visibility Fort Street corridor, the building benefits from strong daily traffic counts and excellent street exposure. The location provides convenient access to major roadways and is surrounded by established businesses and residential neighborhoods.
For a compact, street-exposed commercial setup with on-site parking and a bay door, this property’s existing configuration and zoning support a range of flexible uses.
Key Highlights
- Sale includes 3160 & 3168 Fort St
- Approximately 3,200 sq ft commercial building
- Zoned 201 Commercial
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.1k | $14.40 |
| − Vacancy | −$2.8k | −$0.86 |
| EGI | $43.3k | $13.54 |
| − OpEx | −$13.0k | −$4.06 |
| NOI | $30.3k | $9.48 |
3,200 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$433.2K
$379.0K – $505.4K
NOI $30,321 @ 7.0% cap · market cap 8.66%
Second Best
Flex RnD
$288.4K
$252.4K – $336.5K
NOI $20,191 @ 7.0% cap · market cap 5.77%
Theoretical Best
Specialty Retail
$592.5K
$518.4K – $691.2K
NOI $41,472 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AM Professional Waterproofers
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex building zoned 201 Commercial with newly refinished on-site parking and one bay door.
Where is this flex space located?
The property is located at 3168 Fort Street Unit SourceFi Lincoln Park, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Sale includes 3160 & 3168 Fort St; Approximately 3,200 sq ft commercial building; Zoned 201 Commercial
