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Property profile & analytics
OFF-MARKET
Medical Office Space
1088 Southfield Rd, Lincoln Park, MI 48146-2644
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0375768
Property summary
AI-generated overview
This fully updated, 3,400 square foot mixed-use building is available for sale at $325,000. Located at 1088 Southfield Road in Lincoln Park, Michigan (Wayne County, zip code 48146), this single-story, 1950-built property offers excellent visibility and accessibility. Situated on a heavily traveled main road with easy freeway access, the building boasts ample on-site parking supplemented by nearby public parking options. The interior has been completely renovated and is currently vacant, presenting a turnkey opportunity for a variety of businesses. The space includes a well-designed reception area, perfect for a professional office setting, and features two ADA-compliant restrooms. The property's versatile layout is suitable for medical offices, storefronts, or traditional office uses. The APN is 45007090047000. The net rentable square footage is 3,400. This is a for-sale-by-owner opportunity.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1950
Total area
3,400 SF
Lot
0.23 ac (10,019 SF)
APN
45 007 09 0047 000
UPID
US43-0375768
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bernstein Samuel I Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
A Square Properties LLC · 1 yrs held
A Square Properties LLC
since 2024
Last sale
$290,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lincoln Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$15,052
Tax year 2019
Assessed value
$131,000
Assessed 2024
Previous assessed
$225,400
-41.9% YoY
Effective rate
11.49%
On assessed value
Total market value
$262,000
Applied tax rate
82,090.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Stories
1
Total area
3,400 SF
Lot
0.23 ac (10,019 SF)
APN
45 007 09 0047 000
UPID
US43-0375768
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
A Square Properties LLC
Entity
Mailing address
15229 KERCHEVAL AVE, GROSSE POINTE PARK, MI 48230-1355
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2024
$290,000
A Square Properties LLC
1088 Investment LLC
Warranty Deed
$231,200 · Community Choice Cu
Jun 1, 2023
$200,000
1088 Investment LLC
Hp Snap Downriver LLC
Warranty Deed
—
Mar 1, 2019
—
Hp Snap Downriver LLC
—
Deed
related
$200,000 · Vibe Cu
Jan 25, 2018
$49,347
Hp Snap Downriver LLC
City Of Lincoln Park
Quit Claim Deed
related
—
Aug 21, 2017
$49,347
Treasurer City Of Lincoln Park
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Aug 9, 2017
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Jan 23, 2012
$171,000
Lincoln Park Building LLC
Associated R/e Invs LLC
Warranty Deed
—
Jun 28, 2006
—
Associated R/e Invs LLC
Lutz,richard S & Karen
Warranty Deed
—
—
—
Hp Snap Downriver LLC
—
Deed Of Trust
related
$200,000 · Vibe Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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