3565 Fairlane DrAllen Park, MI 48101

Property Details for 3565 Fairlane Dr

Year built

2006

Lot size

18.62 AC

Property size (Sq ft)

205,632 SF

Zone code

C 6A

Property type

Outlet malls

APN

30 002 01 0017 000

APU

30002010017000

Description

This exceptional retail opportunity is located inside a high-traffic Meijer store in Allen Park, Michigan. The 768 square foot space offers a prime, front-of-store location with unparalleled visibility and access to thousands of weekly customers. This "Store-Within-A-Store" concept provides significant advantages, including a high-traffic location strategically placed for maximum customer interaction. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities, simplifying operations. Branding opportunities are available both inside and outside the store, maximizing exposure. The property is situated in a thriving trade area with a desirable customer base. This space is ideal for a variety of businesses, including financial institutions, food and beverage vendors, service businesses, and health and wellness providers. The property is located at 3565 Fairlane Dr, Allen Park, MI 48101, within Wayne County. This is a unique opportunity to establish a business within one of the Midwest's most recognizable retail destinations. The space is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $62,869,628

  6.5%

  $58,033,500

  7%

  $53,888,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $48,471,740

  Geo Method

  $48,471,740

• Alternative Use

  Use

  Valuation

  Residential

  $48,953,432

  Hospitality

  $44,841,080

  Educational

  $37,307,252

  Medical

  $38,590,304

  Retail

  $58,033,500

Location Insight

City

Allen Park

County

Wayne

State

Michigan

Latitude

42.2967

Longitude

-83.1952

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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