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    3574 Fort St Lincoln Park, MI 48146

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    3574 Fort St Lincoln Park, MI 48146

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    • Strip malls
    • 5,632 SF
    • 0.14 lot acres
    For Sale
    $1,120,000
    View Listing →
    Commercial Land in Populated Area For Sale
    $1,120,000

    Commercial Land in Populated Area

    Accessible parking spaces in a well-positioned real estate location.

    3574 Fort St, Lincoln Park, MI 48146
    View Listing
    Property ID
    US43-1656573
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Emmett Lincoln Park WM / Recycling Center / Waste Management Facility
    • Entertained Portable Toilets Lincoln Park / Building Supply

    Property Details for 3574 Fort St

    Year built
    1955
    Lot size
    0.14 lot acres
    Property size
    5,632 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    45 018 03 0001 000
    APU
    45018030001000

    Description

    This exceptional 1.52-acre commercial land parcel, located at 3574 Fort Street in Lincoln Park, Michigan, presents a unique investment opportunity. Situated in the desirable Downriver South submarket, this property boasts an MX-2 zoning designation, opening doors to a variety of development possibilities. The expansive lot size offers ample space for projects such as housing developments or self-storage facilities, catering to the area's growing needs. The property's address is 3574 Fort St, Lincoln Park, MI 48146, with Wayne County as its jurisdiction. The APN is 45-018-06-0459-303. Its strategic location within a populated area ensures high visibility and accessibility, further enhancing its investment potential. The asking price for this exceptional property is $1,120,000. The large lot size allows for ample parking spaces, a significant advantage for any future development. This is a for sale by owner listing. This prime commercial land presents a rare opportunity for developers seeking a well-positioned site in a thriving community. Don't miss out on this chance to acquire a valuable asset with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1811
    Latitude
    42.2332
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $2,738
    $0.00
    $0.00
    $43,200
    -
    $0.00
    $0.00
    $86,400

    Comparable in this City

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      3,778 SF

      1155 Dix Hwy

      SHOPPING CENTER, STRIP CENTER • 3,778 SF
      1155 Dix Hwy, Lincoln Park, MI 48146-1342
      View Details
    • Value Estimation
      $1,420,000
      29,570 SF

      1071 Ft St

      SHOPPING CENTER, STRIP CENTER • 29,570 SF
      1071 Ft St, Lincoln Park, MI 48146-1802
      View Details
    • Value Estimation by Request
      3,100 SF

      1455 Dix Hwy

      SHOPPING CENTER, STRIP CENTER • 3,100 SF
      1455 Dix Hwy, Lincoln Park, MI 48146-1444
      View Details
    • Value Estimation
      $655,000
      7,880 SF

      3605 Dix Hwy

      SHOPPING CENTER, STRIP CENTER • 7,880 SF
      3605 Dix Hwy, Lincoln Park, MI 48146-3801
      View Details
    • Value Estimation by Request
      2,682 SF

      3356 Ft St

      SHOPPING CENTER, STRIP CENTER • 2,682 SF
      3356 Ft St, Lincoln Park, MI 48146-3635
      View Details
    • Value Estimation by Request
      3,300 SF

      2420 Ft Park Blvd

      SHOPPING CENTER, STRIP CENTER • 3,300 SF
      2420 Ft Park Blvd, Lincoln Park, MI 48146-2344
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Lincoln Park Retail Opportunity

      Retail property available for sale in Lincoln Park.
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      Established Mechanic Shop with Bays

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      High-Visibility Commercial Building on Fort

      3,200 SF commercial building on high-traffic Fort Street corridor.
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      Updated Building on Southfield Road

      Updated retail building with high visibility and easy freeway access.
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    Similar Nearby for Lease

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      Lincoln Park Retail Space For Rent

      Recently renovated standalone building with high visibility in Lincoln Park.
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      Retail Space For Lease

      Retail space available for lease in Lincoln Park, Michigan.
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    • $8,900 /Mo

      Equipped Automotive Facility For Lease

      8000 sq ft automotive facility with equipment for lease.
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      Commercial Space in High-Traffic Area

      Commercial space suitable for retail, office, restaurant, or medical use.
      2476 Dix Hwy, Lincoln Park, MI 48146
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    • $2,500 /Mo
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      Lincoln Park Commercial Space Available

      Commercial space ideal for retail, office, restaurant, or medical use.
      2476 Dix Hwy, Lincoln Park, MI 48146
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    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Lincoln Park, Michigan.
      3723 Fort St, Lincoln Park, MI 48146
      View Details
    View Listing
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    Lincoln Park, MI 48146
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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