Property profile

918 Dix Hwy Lincoln Park, MI 48146

OFF-MARKET
Individual retail properties
Property ID
US43-1143105
1,530 SF 0.08 ac lot Built 1947
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,530 square foot storefront, located at 918 Dix Hwy in Lincoln Park, Michigan, presents a compelling investment opportunity. Situated on a 0.08-acre lot, this single-story, 1947-built building boasts excellent visibility on Dix Highway/Toledo Road, a major thoroughfare. Currently occupied by a salon with a 30-day vacate notice, the property offers immediate potential for a new tenant. Its history includes previous use as a bakery, demonstrating its versatility. The property is zoned for Municipal Business District use, allowing for a wide range of retail possibilities. Benefitting from its location within a dense residential neighborhood and proximity to national and regional retailers, this storefront enjoys high foot traffic and strong consumer base. The asking price is $125,000, making it an attractive entry point for investors seeking a well-located retail property in a thriving community. The property's APN is 45-004-03-0149-001. This is a rare opportunity to acquire a well-positioned retail space with significant upside potential. Don't miss out on this chance to own a piece of Lincoln Park's vibrant commercial landscape.

Property profile

Verified
Property type Individual retail properties
Use group BARBER, HAIR SALON
Year built 1947
Total area 1,530 SF
Lot 0.08 ac (3,485 SF)
APN 45 004 03 0149 001
UPID US43-1143105

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Interior Design
  • Nail Salon

Location

918 Dix Hwy Lincoln Park, MI 48146-1215
Lincoln Park metro Census 577200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$255k

Owner & transaction history

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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