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    OFF-MARKET
    Investment properties

    3475 Ft St, Lincoln Park, MI 48146-3628

    4,144 SF 0.11 ac lot Built 1946
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0941016
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 3475 Fort Street in Lincoln Park, Michigan, presents a unique investment or owner-user opportunity. The building, constructed in 1941, boasts a substantial 4,144 square feet situated on a 0.11-acre lot. Its zoning is designated B-1, allowing for a variety of commercial uses. The asking price is $215,000, translating to a price per square foot of $51.88. Currently configured as a mixed-use space, the property includes two one-bedroom residential units upstairs and retail space on the first floor. This prime location on heavily traveled Fort Street offers excellent visibility and accessibility, making it an ideal choice for a savvy investor seeking strong rental income or a business owner looking for a unique space to operate from. The building's age presents potential for renovation and value enhancement, aligning with the current market demand for updated mixed-use properties in this area. This is a rare opportunity to acquire a well-positioned mixed-use building in a thriving Michigan community. The property's versatility and location make it a compelling investment prospect with significant upside potential.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1946
    Total area 4,144 SF
    Lot 0.11 ac (4,792 SF)
    APN 45 012 08 1802 001
    UPID US43-0941016
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Lincoln Park Estates LLC · 1 yrs held
    Lincoln Park Estates LLC
    since 2024
    Last sale
    $100,000
    5 recorded transactions
    2024
    $100,000
    2020
    2013
    $116,000
    2013
    2012
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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