1336 Southfield Rd Lincoln Park, MI 48146
- Medical offices
- 4,710 SF
- 0.17 lot acres
Current Use by Public Records
- Bohra B S MD / Orthopedic Surgeon
- Lincoln Park Physical Therapy / Doctor
Property Details for 1336 Southfield Rd
- Year built
- 1937
- Lot size
- 0.17 lot acres
- Property size
- 4,710 SF
- Property type
- Medical offices
- Property subtype
- Medical space
- APN
- 45 006 04 0028 301
- APU
- 45006040028301
Description
This exceptional 4,300 square foot medical office building, located at 1336 Southfield Road in Lincoln Park, Michigan, presents a fantastic investment opportunity. Priced at $200,000, this multi-tenant property boasts prime commercial exposure with ample frontage on Southfield Road, ensuring high visibility and accessibility. The building benefits from its strategic location, experiencing extremely high traffic counts due to its proximity to major thoroughfares including I-75, John R. Papalas Drive, Garfield Avenue, Howard Street, and the Detroit-Toledo Freeway and Southfield Freeway. Detailed traffic counts are available upon request, showing figures exceeding 89,000 vehicles daily on nearby roadways. The flexible floor plan allows for easy division into two separate tenant spaces, providing versatility and potential for increased rental income. The property's convenient location offers easy access to a variety of restaurants and retail amenities, enhancing its appeal to both tenants and employees. All furniture, fixtures, and equipment (FF&E) are included in the sale price, making this a turnkey operation. This is a rare opportunity to acquire a well-situated, high-traffic medical office building in a thriving area of Wayne County, Michigan, with zip code 48146. The property is zoned for medical office use.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $155,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $125,000
- 6.5%
- $110,000
- 7%
- $110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $120,000
- Geo Method
- $130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $110,000
- Retail
- $120,000
- Mixed-Use
- $115,000
- Hospitality
- $110,000
- Educational
- $120,000
- Residential Income
- $130,000
- Energy
- $135,000
- Income-Based Land
- $110,000
- Food Service
- $120,000
Location Insight
- Map
- Local Demand
- City
- Lincoln Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1783
- Latitude
- 42.251
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA