Property profile

3475 Ft St Lincoln Park, MI 48146

OFF-MARKET
Investment properties
Property ID
US43-0941016
4,144 SF 0.11 ac lot Built 1946
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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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

Location

3475 Ft St Lincoln Park, MI 48146-3628
Lincoln Park metro Census 577700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$100k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$100k

Owner & transaction history

since 2024
Last sale
$100,000
5 recorded transactions
2024
$100,000
2020
Price N/A
2013
$116,000
2013
Price N/A
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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