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Property profile & analytics
FOR LEASE
Outlet malls

3100 Fairlane Dr Allen Park, MI 48101

123,735 SF 10.83 ac lot Built 2005
Entity Owned Free & Clear
Property ID
US43-1392563
Property summary
AI-generated overview

This exceptional retail opportunity presents itself at Fairlane Green - Phase III, a six-building shopping center located at 3100 Fairlane Drive in Allen Park, Michigan, within Wayne County. The property boasts a substantial total building area of 1,400,000 square feet, situated on a generous 20-acre lot. Currently, there are 24,608 square feet of vacant retail space available for lease, offering flexible options for businesses of various sizes. Individual spaces range from a minimum of 2,508 square feet to a maximum contiguous space of 7,718 square feet, providing ample room for expansion or tailored fit-outs. The property's prime location in Allen Park, Michigan, 48101, ensures high visibility and accessibility for customers. The multiple-tenancy structure of Fairlane Green - Phase III offers a vibrant and diverse shopping environment, creating a synergistic atmosphere for all tenants. This is an ideal opportunity for businesses seeking a well-established location with significant foot traffic and ample space to thrive. The property's size and layout provide excellent potential for a variety of retail uses. Interested parties are encouraged to inquire about lease terms and availability.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2005
Total area 123,735 SF
Lot 10.83 ac (471,755 SF)
Zoning code C 6A
APN 30 002 01 0006 000
UPID US43-1392563
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
  • Target Grocery Grocery & Convenience Store Food Market
  • Pizza Hut Express Restaurant
  • TCF Bank ATM Atm
  • Target Mobile Mobile Phone Store Electronics & Wireless Store
  • CVS Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.16M
Blend (final) Blend
$7.16M
Owner & transaction history
TARGET CORPORATION T2033
TARGET CORPORATION T2033
Zoning & alternative use
C 6A · Allen Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name Regional Business Fairlane Green
General category COMMERCIAL
Zone area 583.88 ac
Source Realmo
Top alternative use upside
Medical building $11.7M +10.8%
Office building $11.6M +10.0%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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