Property profile

1327 Dix Hwy Lincoln Park, MI 48146

FOR SALE
Bars & Pubs
Property ID
US43-0425782
1,640 SF 0.2 ac lot Built 1949
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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For Sale
$125,000 1,640 SF
1327 Dix Hwy, Lincoln Park, MI 48146
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Property summary

AI-generated overview

This exceptional 1,800 square foot retail space is available for lease at 1327 Dix Highway in Lincoln Park, Michigan. Located in Wayne County, this single-tenant property presents a fantastic opportunity for a variety of businesses. The entire building is currently vacant, offering immediate occupancy for a new tenant. The property's address is conveniently situated on Dix Highway, providing excellent visibility and accessibility for customers. The building's total square footage is 1,800 square feet, offering ample space for retail operations, storage, and office areas. The property type is classified as retail commercial, making it ideal for businesses seeking high-traffic locations. This is a single-tenant space, ensuring exclusive use of the entire building. The property's location in Lincoln Park, Michigan, offers access to a thriving community and a strong customer base. This prime retail location provides a unique opportunity for businesses to establish a strong presence in a busy commercial area. The property is ready for immediate occupancy, allowing for a quick and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities of this exceptional retail space. The zip code for this property is 48146.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1949
Construction CONCRETE BLOCKS
Total area 1,640 SF
Lot 0.2 ac (8,712 SF)
APN 45 005 02 0354 003
UPID US43-0425782

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1327 Dix Hwy Lincoln Park, MI 48146
Lincoln Park metro Census 577200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$125k

Owner & transaction history

since 2022
Last sale
$120,000
3 recorded transactions
2022
$120,000
2019
Price N/A
2019
$80,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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