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    1764 Fort St Lincoln Park, MI 48146

    Sponsored
    For Sale
    $325,000

    Prime Retail Space, Newly Renovated, High Traffic

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,000 square foot retail storefront, located at 1764 Fort St in Lincoln Park, Michigan (Wayne County, zip code 48146), presents a lucrative investment opportunity. The property, identified by APN 45-006-06-0273-000, is currently available for sale at $325,000. The building has recently undergone a complete renovation, ensuring modern and attractive space for a new tenant. Its prime location offers excellent visibility and accessibility, situated directly across from a Walgreens and benefiting from a large municipal parking lot located at the rear of the building. This ensures ample parking for customers and employees. The property's convenient location provides easy access to major thoroughfares, including I-94, I-75, and the Southfield Freeway, maximizing exposure to a wide customer base. The lease type is NNN, with a lease rate of $11 per square foot. This single-tenant retail space is ideal for a variety of businesses seeking a high-traffic location in a thriving community. The property is classified as a retail storefront. Don't miss this chance to own a newly renovated, high-visibility retail space in a desirable location.

    Property Features for 1764 Fort St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,000 SF

    HighLights

    • High‑visibility location directly across from Walgreens.
    • Features a large municipal parking lot at the rear.
    • Recently renovated by the current tenant.
    • Excellent freeway access via I‑94, I‑75, and the Southfield Freeway.
    • 4,000 square feet of available space.
    • Lease rate: $11 per square foot, NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.177207
    Latitude
    42.250784

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, Newly Renovated, High Traffic
    Where is this individual retail property located?
    The property is located at 1764 Fort St Lincoln Park, MI.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: High-visibility location directly across from Walgreens.; Features a large municipal parking lot at the rear.; Recently renovated by the current tenant.
    Request Owner's contact information
    1764 Fort St Lincoln Park, MI 48146
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    Realmo Value Estimation

    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.

    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.

    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
    1764 Fort St Lincoln Park, MI 48146
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