Refaced Storefront Retail
For Sale
Contact for pricing
918 Dix Hwy, Lincoln Park, MI 48146
Open-plan retail space with updated frontage and a recently installed water heater.
Property Size1,530 SF
Price / SF$0.98
Days on Market92
Property Features for 918 Dix Hwy
General Information
Standard status
Active
Size
1,530 SF
Taxes and HOA fees
Annual Taxes
$4,794
Listing Agency:
Keller Williams Legacy
(313) 752-0000
Listed By:
Eddie Haidar · License #6501406411
(734) 646-0303
Source:
Exprealty
Added: Jul 18
Changed: Oct 10
Last Checked: Oct 16 at 1:02PM
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 Keller Williams Legacy
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Investment Insights
Based on property information with market context.
This 1,530-square-foot storefront retail space offers an open-concept layout suited to a range of commercial configurations. Recent property improvements include a new water heater and a complete reface of the building’s front exterior.
The property is located at 918 Dix Hwy in Lincoln Park, Michigan, between Southfield Rd and Outer Drive. The space is offered under a Double Net (NN) lease structure.
The property is located at 918 Dix Hwy in Lincoln Park, Michigan, between Southfield Rd and Outer Drive. The space is offered under a Double Net (NN) lease structure.
Key Highlights
- 1,530‑square‑foot storefront retail space
- Open‑concept interior layout
- Complete reface of the building front
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,497
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,940
$289.9K
Cap Rate 7%
$207,100
$207.1K
Cap Rate 9%
$161,078
$161.1K
Market Conditions
NOI Build-Up for 1,530 SF
Gross rent
$22.0K $14.40/SF
− Vacancy
−$1.3K −$0.86/SF
EGI
$20.7K $13.54/SF
− OpEx
−$6.2K −$4.06/SF
NOI
$14.5K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,940
Cap Rate 7%
$207,100
Cap Rate 9%
$161,078
Alternative Uses
Best Use
Retail
$207.1K
$181.2K – $241.6K
NOI $14,497 @ 7.0% cap · market cap 966.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$283.3K
$247.9K – $330.5K
NOI $19,829 @ 7.0% cap · market cap 1,321.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 15%
Electronics 5%
7-Eleven
Shops & Services
9,454 visits/mo
0.5 miles
Family Dollar
Shops & Services
9,384 visits/mo
0.1 miles
BP
Shops & Services
6,707 visits/mo
0.3 miles
KFC
Dining
4,312 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
1,521 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan retail space with updated frontage and a recently installed water heater.
Where is this storefront property located?
The property is located at 918 Dix Hwy Lincoln Park, MI.
What are key features of this property?
This property features: 1,530‑square‑foot storefront retail space; Open‑concept interior layout; Complete reface of the building front
