16300 Ft St, Southgate, MI 48195-1421
- Outlet malls
- 220,869 SF
- 25.31 lot acres
Current Use by Public Records
- TNT Fireworks / Department Store
- Meijer Pharmacy / Pharmacy
- US Post Office (limited) / Post Office
- higi / Physician
- Element Financial Solutions / Financial Advisor
Property Details for 16300 Ft St
- Year built
- 1994
- Lot size
- 25.31 lot acres
- Zone code
- C-2 GEN BUS
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 53 020 99 0006 708
- APU
- 53020990006708
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 4, 2008 | — | Southgate Sonic R & E LLC | Meijer INC | Warranty Deed | — |
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $17,179,000
- AI Estimate
- $17,179,000
Market price range: $7.75M - $27.4MMarket price range: $7.75M - $27.4M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $16,820,000 Current use
- COMMERCIAL (GENERAL)
- $24,260,000 Change: +44% Conversion: Easy
- RESTAURANT
- $22,870,000 Change: +36% Conversion: Easy
- OFFICE BUILDING
- $21,450,000 Change: +28% Conversion: Easy
- MEDICAL BUILDING
- $20,800,000 Change: +24% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $17,575,000 Change: +4% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $15,845,000 Change: -6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Southgate
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1847
- Latitude
- 42.1906
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
