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Property profile & analytics
OFF-MARKET Estimated value $17,180,000
Outlet malls

16300 Ft St Southgate, MI 48195-1421

220,869 SF 25.31 ac lot Built 1994
Entity Owned 18-yr Hold Absentee Owner Free & Clear
Property ID
US43-1048193
Property summary
AI-generated overview

This exceptional retail leasing opportunity is located inside a high-traffic Meijer store in Southgate, Michigan, at 16300 Fort St, 48195. The available space totals 799 square feet, offering a prime, front-of-store location with unparalleled visibility and access to thousands of weekly customers. This "Store-Within-A-Store" concept provides a range of benefits, including a strategic placement for maximum customer interaction and exposure. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities. Branding opportunities include both interior and exterior signage. The location boasts exceptional demographics within a thriving trade area. This space is ideal for various businesses, including financial institutions, food and beverage establishments, service businesses, and health and wellness providers. The property is part of a larger network of similar opportunities available throughout the Midwest. The total vacant space within the Meijer location is 1,520 square feet, with at least one 799 square foot space currently available.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1994
Total area 220,869 SF
Lot 25.31 ac (1,102,504 SF)
Zoning code C-2 GEN BUS
APN 53 020 99 0006 708
UPID US43-1048193
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
  • TNT Fireworks Department Store
  • Meijer Pharmacy Pharmacy
  • US Post Office (limited) Post Office
  • higi Physician
  • Element Financial Solutions Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$17.18M
Blend (final) Blend
$17.18M
Owner & transaction history
Southgate Sonic R & E LLC · 18 yrs held
Southgate Sonic R & E LLC
since 2008
1 recorded transaction
2008
Price N/A
Zoning & alternative use
C-2 GEN BUS · Southgate, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $24.3M +44.2%
Restaurant $22.9M +36.0%
Office building $21.5M +27.5%
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