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    Property profile & analytics

    3574-3760 Fort St Lincoln Park, MI 48146

    • Retail properties
    • 195,609 SF
    For Lease
    View listing
    $5 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3574-3760 Fort St

    Property size
    195,609 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    Lincoln Park Plaza, located at 3574-3760 Fort St, Lincoln Park, MI 48146, presents a unique opportunity for businesses seeking versatile commercial space. This two-story building, totaling 195,609 square feet, offers a variety of configurations to suit diverse needs. The property is zoned MX-2 and is situated in a well-populated area of Wayne County, offering excellent visibility and accessibility. Multiple tenancies are available, with a minimum divisible space of 2,090 square feet and a maximum of 83,000 square feet, allowing for flexibility in tenant size and requirements. The building features a total of 17 suites, providing ample options for businesses of all scales. The property boasts large and accessible parking spaces, a significant advantage for both employees and customers. Affordable and negotiable leasing terms are available, making this an attractive investment opportunity. The cross street is Fort St. This prime commercial real estate is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1806
    Latitude
    42.2332

    Comparable in this City

    • Value Estimation by Request
      22.00 Acres

      Dix Hwy

      Land • 6,817 SF
      0 Dix Hwy, Lincoln Park, MI 48146
      View Details
    • Value Estimation by Request
      8,000 SF

      1758 Fort St

      Office Properties & Spaces • 8,000 SF
      1758 Fort St, Lincoln Park, MI 48146
      View Details
    • Value Estimation by Request
      3,000 SF

      2221-2225 Fort St

      Office Properties & Spaces • 3,000 SF
      2221-2225 Fort St, Lincoln Park, MI 48146
      View Details
    • Value Estimation by Request
      13,680 SF

      24970 Outer Dr

      Office Properties & Spaces • 13,680 SF
      24970 Outer Dr, Lincoln Park, MI 48146
      View Details
    • Value Estimation by Request
      1.96 Acres

      3574-3760 Fort St

      Land • 1.96 Acres
      3574-3760 Fort St, Lincoln Park, MI 48146
      View Details
    • Value Estimation by Request
      22,000 SF

      1529 Wayne Rd

      Neighborhood centers • 22,000 SF
      1529 Wayne Rd, Lincoln Park, MI 48146
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,560 SF

      Lincoln Park Executive Office Space

      1,560 SF Office/Retail, Newly Renovated
      3723 Fort St, Lincoln Park, MI 48146
      View Details
    • $1,450,000
      1.96 Acres

      Lincoln Park Commercial Land Investment

      1.96 Acres, MX-2 Zoning, $1.45M
      3574-3760 Fort St, Lincoln Park, MI 48146
      View Details
    • $1,120,000
      1.52 Acres

      Lincoln Park Commercial Land - MX-2 Zoning

      1.52 Acres, Prime Location, Development Ready
      3574 Fort St, Lincoln Park, MI 48146
      View Details
    • $750,000
      1,800 SF

      Dix Hwy Retail Building - Lincoln Park

      Turnkey Retail Space, High Visibility
      1327 Dix Hwy, Lincoln Park, MI 48146
      View Details
    • $325,000
      4,000 SF

      Lincoln Park Retail Storefront For Sale

      Prime Retail Space, Newly Renovated, High Traffic
      1764 Fort St, Lincoln Park, MI 48146
      View Details
    • $695,000
      10,964 SF

      Lincoln Park Retail Building - $695K

      10,964 SF Retail Space, High Visibility
      3377 Fort St, Lincoln Park, MI 48146
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      195,609 SF

      Lincoln Park Plaza: Office & Retail

      Prime Lincoln Park commercial space. Multiple suites available.
      3574-3760 Fort St, Lincoln Park, MI 48146
      View Details
    • $14 SF/Yr
      1,560 SF

      Lincoln Park Executive Office Suite

      Modern Office, 1560 sq ft, For Lease
      3723 Fort St, Lincoln Park, MI 48146
      View Details
    • $11 SF/Yr
      8,000 SF

      Lincoln Park Retail/Office Space

      8,000 SF Multi-Tenant Retail & Office Opportunity
      1758 Fort St, Lincoln Park, MI 48146
      View Details
    • $35 SF/Yr
      73,966 SF

      Retail Development at Major Intersection

      New retail development with high visibility and easy highway access.
      2100 Southfield Rd, Lincoln Park, MI 48146
      View Details
    • $35 SF/Yr
      100,989 SF

      Lincoln Park Retail Space Available

      High-Visibility Retail Space in Lincoln Park, MI
      2100 Southfield Rd, Lincoln Park, MI 48146
      View Details
    • $25 SF/Yr
      1,800 SF

      Dix Hwy Retail Space - Lincoln Park

      1800 SF Retail Space For Lease
      1327 Dix Hwy, Lincoln Park, MI 48146
      View Details
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    Lincoln Park, MI 48146
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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