32905 Fort RdRockwood, MI 48173

Property Details for 32905 Fort Rd

Year built

2008

Lot size

1.76 AC

Property size (Sq ft)

11,180 SF

Property type

Drug stores

APN

52 006 07 0001 302

APU

52006070001302

Description

This exceptional 11,181-square-foot freestanding retail building presents a unique investment opportunity in Rockwood, Michigan. Situated on a highly visible 2-acre corner lot with two convenient points of ingress/egress and a prominent monument sign, this single-tenant property boasts excellent visibility and accessibility. The building is currently vacant, offering a blank canvas for a variety of retail uses. Located in a thriving neighborhood community, the property benefits from a strong demographic profile, with over 3,500 people residing within a one-mile radius and boasting an average household income exceeding $100,000. Daily traffic counts of approximately 8,513 vehicles ensure high exposure. The strategic location offers easy access to I-75, a major north/south freeway, connecting the property to a wider regional market. Furthermore, the property's proximity to Woodhaven, just 6 miles north, provides access to a robust retail environment anchored by big-box retailers such as Target, Meijer, Lowe's, The Home Depot, and Walmart, as well as a significant Ford Motor Company plant. This property is ideally suited for a variety of retail concepts seeking a high-traffic location in a strong demographic area within the downriver Detroit community of Southeastern Wayne County. The property is located at 32905 Fort Rd, Rockwood, MI 48173.

• CAP approach

  CAP return

  Valuation

  6%

  $2,813,405

  6.5%

  $2,596,990

  7%

  $2,411,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,635,358

  Geo Method

  $2,635,358

• Alternative Use

  Use

  Valuation

  Residential

  $2,190,658

  Hospitality

  $2,006,631

  Educational

  $1,669,493

  Medical

  $1,726,910

  Retail

  $2,596,990

Location Insight

City

Rockwood

County

Wayne

State

Michigan

Latitude

42.0676

Longitude

-83.2496

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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