3100 Fairlane DrAllen Park, MI 48101

Property Details for 3100 Fairlane Dr

Year built

2005

Lot size

10.83 AC

Property size (Sq ft)

123,735 SF

Zone code

C 6A

Property type

Outlet malls

APN

30 002 01 0006 000

APU

30002010006000

Description

This exceptional retail opportunity presents itself at Fairlane Green - Phase III, a six-building shopping center located at 3100 Fairlane Drive in Allen Park, Michigan, within Wayne County. The property boasts a substantial total building area of 1,400,000 square feet, situated on a generous 20-acre lot. Currently, there are 24,608 square feet of vacant retail space available for lease, offering flexible options for businesses of various sizes. Individual spaces range from a minimum of 2,508 square feet to a maximum contiguous space of 7,718 square feet, providing ample room for expansion or tailored fit-outs. The property's prime location in Allen Park, Michigan, 48101, ensures high visibility and accessibility for customers. The multiple-tenancy structure of Fairlane Green - Phase III offers a vibrant and diverse shopping environment, creating a synergistic atmosphere for all tenants. This is an ideal opportunity for businesses seeking a well-established location with significant foot traffic and ample space to thrive. The property's size and layout provide excellent potential for a variety of retail uses. Interested parties are encouraged to inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $37,830,556

  6.5%

  $34,920,516

  7%

  $32,426,192

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,166,914

  Geo Method

  $29,166,914

• Alternative Use

  Use

  Valuation

  Residential

  $29,456,762

  Hospitality

  $26,982,234

  Educational

  $22,448,902

  Medical

  $23,220,954

  Retail

  $34,920,516

Location Insight

City

Allen Park

County

Wayne

State

Michigan

Latitude

42.2851

Longitude

-83.2072

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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