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    OFF-MARKET
    Individual retail properties

    918 Dix Hwy, Lincoln Park, MI 48146-1215

    1,530 SF 0.08 ac lot Built 1947
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US43-1143105
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Detroit Tub Resurface & Reglaze Hardware & Home Improvement Interior Design
    • The Princess Party Palace Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    ROBERT E SMITH
    ROBERT E SMITH
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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