Dental Office with Treatment
New
For Sale
$124,999
3577 Fort Street, Lincoln Park, MI 48146
A vacant, single-story medical suite offers a reception area, private office, and off-street parking.
Property Size1,520 SF
Price / SF$82.24
Days on Market2
Property Features for 3577 Fort Street
General Information
Standard status
Active
Size
1,520 SF
Total Parking Spaces
1
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Property Use
Dental Office
Medical Specialty
dental
Building Details
Buildings
1
Stories
1
Building Size
1,520 SF
Construction
masonry
Listing Agency:
New Era Real Estate LLC
(855) 639-3720
Listed By:
Youssef Sakar
Source:
Brendaharrisgroup
Added: Oct 30
Last Checked: Oct 30 at 2:26PM
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 New Era Real Estate LLC
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Investment Insights
Based on property information with market context.
Configured for dental use, this 1,520-square-foot masonry medical office has four treatment rooms, an X-ray room, and a lab/kitchen. The floor plan also includes a waiting room, reception and office area, half bath, and a private office with a full bath and shower. The building is single-story and vacant, with possession at closing.
The property fronts Fort Street (M-85) in Lincoln Park, near I-75 and the Southfield Freeway. One off-street parking space is provided. Buyers should confirm zoning and permitted uses with the City of Lincoln Park.
The property fronts Fort Street (M-85) in Lincoln Park, near I-75 and the Southfield Freeway. One off-street parking space is provided. Buyers should confirm zoning and permitted uses with the City of Lincoln Park.
Key Highlights
- Four treatment rooms plus an X‑ray room and lab/kitchen
- 1,520‑square‑foot, single‑story masonry building
- Private office includes a full bath and shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,233
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$104,660
$104.7K
Cap Rate 7%
$74,757
$74.8K
Cap Rate 9%
$58,144
$58.1K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$9.1K $6.00/SF
− Vacancy
−$2.1K −$1.41/SF
EGI
$7.0K $4.59/SF
− OpEx
−$1.7K −$1.15/SF
NOI
$5.2K $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%
$104,660
Cap Rate 7%
$74,757
Cap Rate 9%
$58,144
Alternative Uses
Best Use
Healthcare Medical
$228.7K
$200.1K – $266.8K
NOI $16,007 @ 7.0% cap · market cap 12.81%
Second Best
Office B
$74.8K
$65.4K – $87.2K
NOI $5,233 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$281.4K
$246.2K – $328.3K
NOI $19,699 @ 7.0% cap · market cap 15.76%
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
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Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Lincoln Park Veterinary Hospital — 3909 Fort St, Lincoln Park, MI 48146
Frequently Asked Questions
What type of property is this?
Medical Office Space - A vacant, single-story medical suite offers a reception area, private office, and off-street parking.
Where is this medical office space located?
The property is located at 3577 Fort Street Lincoln Park, MI.
What is the asking price?
The asking price for this property is $124,999.
What are key features of this property?
This property features: Four treatment rooms plus an X‑ray room and lab/kitchen; 1,520‑square‑foot, single‑story masonry building; Private office includes a full bath and shower
