3125 Ft St Lincoln Park, MI 48146-3601
- Office buildings
- 1,400 SF
- 0.15 lot acres
Current Use by Public Records
- Red Carpet Keim Real Estate / Real Estate Agency
Property Details for 3125 Ft St
- Year built
- 1953
- Lot size
- 0.15 lot acres
- Property size
- 1,400 SF
- Property type
- Office buildings
- APN
- 45 012 03 0248 301
- APU
- 45012030248301
Description
This exceptional 1,400-square-foot free-standing commercial building, situated on a 0.15-acre lot in Wayne County, presents a unique leasing opportunity. Built in 1953 and extensively renovated in 2024, the property boasts a single-tenant occupancy and is zoned for commercial use. The building's interior is currently framed out, offering considerable flexibility for tenant build-out. Potential uses include traditional office space, executive suites, or a medical office, given its adaptable layout. A key feature is the ample side parking lot, providing convenient access for clients and staff. The property is offered on a double net lease, ensuring a straightforward and transparent financial arrangement. All provided square footage and acreage data are approximate. This single-story building represents a rare chance to secure a well-maintained, renovated office space in a desirable location. The property's recent renovation ensures modern functionality and aesthetics, while its adaptable interior allows for customization to meet specific business needs. The convenient parking and prime Wayne County location add significant value to this attractive commercial offering. Don't miss this opportunity to establish your business in this renovated, ready-to-occupy space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $135,000
- 6.5%
- $145,000
- 7%
- $140,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $165,000
- Geo Method
- $150,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $170,000
- Retail
- $170,000
- Mixed-Use
- $165,000
- Hospitality
- $135,000
- Educational
- $135,000
- Residential Income
- $130,000
- Energy
- $160,000
- Income-Based Land
- $140,000
- Food Service
- $170,000
Location Insight
- Map
- Local Demand
- City
- Lincoln Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1796
- Latitude
- 42.2398
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA