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    Property profile & analytics

    1505 Dix Hwy Lincoln Park, MI 48146-1403

    • Retail space
    • 3,339 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimation
    $60,000
    Last Sale
    Apr 13, 2021
    $50,000
    Location Intelligence
    Property ID
    US43-1263994
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1505 Dix Hwy

    Year built
    1959
    Lot size
    0.43 lot acres
    Property size
    3,339 SF
    Property type
    Retail space
    APN
    45 005 02 0497 301
    APU
    45005020497301

    Description

    This exceptional 3,339 square foot commercial property in Lincoln Park, Michigan, presents a remarkable investment opportunity. Situated at 1505 Dix Hwy, this single-tenant space boasts an enviable location with 226 feet of road frontage on Dix Highway, offering unparalleled visibility and accessibility. The half-acre lot provides ample parking for customers and employees. Recently updated with new windows and doors, the building is ready for immediate occupancy. Its versatile zoning allows for a variety of uses, including retail, automotive, or medical office space. Previous uses include a party store, highlighting its adaptability. The property's proximity to the intersection of Dix Highway and Southfield Freeway ensures high traffic volume and excellent exposure. The property is located in Wayne County, Michigan, with a zip code of 48146. This prime location is ideal for businesses seeking high visibility and convenient access to major thoroughfares. The spacious layout and ample parking make this property a truly attractive option for a wide range of commercial ventures. Don't miss this chance to secure a thriving business location in a high-demand area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $60,000

    • CAP approach

      CAP return
      Estimation
      6%
      $80,000
      6.5%
      $70,000
      7%
      $75,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $75,000
      Geo Method
      $65,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $70,000
      Retail
      $90,000
      Mixed-Use
      $65,000
      Hospitality
      $70,000
      Educational
      $75,000
      Residential Income
      $85,000
      Energy
      $85,000
      Income-Based Land
      $70,000
      Food Service
      $65,000

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1884
    Latitude
    42.2603
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $8,316
    $0.00
    $0.00
    $115,100
    -
    $0.00
    $0.00
    $230,200

    Comparable in this City

    • Value Estimation by Request
      3,164 SF

      3521 Ft St

      RETAIL STORES (PERSONAL SERVICES) • 3,164 SF
      3521 Ft St, Lincoln Park, MI 48146-4101
      View Details
    • Value Estimation by Request
      4,150 SF

      3295 Dix Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,150 SF
      3295 Dix Hwy, Lincoln Park, MI 48146-3453
      View Details
    • Value Estimation by Request
      3,280 SF

      1477 Dix Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,280 SF
      1477 Dix Hwy, Lincoln Park, MI 48146-1444
      View Details
    • Value Estimation by Request
      800 SF

      3209 Dix Hwy

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      3209 Dix Hwy, Lincoln Park, MI 48146-3413
      View Details
    • Value Estimation by Request
      3,040 SF

      3855 Dix Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,040 SF
      3855 Dix Hwy, Lincoln Park, MI 48146-3859
      View Details
    • Value Estimation by Request
      2,943 SF

      3272 Ft St

      RETAIL STORES (PERSONAL SERVICES) • 2,943 SF
      3272 Ft St, Lincoln Park, MI 48146-3633
      View Details

    Similar Nearby for Sale

    • $325,000
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      Lincoln Park Retail Storefront For Sale

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      Lincoln Park Retail Opportunity

      Established business and real estate for sale in Lincoln Park.
      3355 Dix Hwy, Lincoln Park, MI 48146
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    • $325,000

      Updated Building on Southfield Road

      Updated retail building with high visibility and easy freeway access.
      1088 Southfield Rd, Lincoln Park, MI 48146
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    • $209,900

      Lincoln Park Retail Opportunity

      Well-maintained 1,771 SF building with parking in Lincoln Park.
      3769 Fort St, Lincoln Park, MI 48146
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      3807 Fort St, Lincoln Park, MI 48146
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    Similar Nearby for Lease

    • $11 SF/Yr
      4,000 SF

      Lincoln Park Retail Space For Lease

      Newly renovated, 4,000 SF storefront.
      1764 Fort St, Lincoln Park, MI 48146
      View Details
    • $1,200 /Mo
      1,000 SF

      Commercial Space on Southfield Road

      1,000 sq ft commercial space in Lincoln Park, Michigan.
      1116 Southfield Rd, Lincoln Park, MI 48146
      View Details
    • $2,500 /Mo

      Freestanding Building on Fort Street

      3,100+ sqft building for lease in busy area.
      3115 Fort St, Lincoln Park, MI 48146
      View Details
    • $1,200 /Mo

      Retail Space in Busy Location

      High-traffic retail space suitable for various businesses.
      1161 Dix Hwy, Lincoln Park, MI 48146
      View Details
    • $1,300 /Mo

      Freestanding Corner Building For Lease

      1,800 sqft corner building on Dix Hwy in Lincoln Park.
      3929 Dix Hwy, Lincoln Park, MI 48146
      View Details
    • $2,000 /Mo
      2,300 SF

      Lincoln Park Retail Space For Rent

      Recently renovated standalone building with high visibility in Lincoln Park.
      1132 Southfield Rd, Lincoln Park, MI 48146
      View Details
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    1505 Dix Hwy
    Lincoln Park, MI 48146-1403
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    Realmo Value Estimation

    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.

    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.

    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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