1650 Fort StTrenton, MI 48183

Property Details for 1650 Fort St

Year built

1975

Lot size

1.09 AC

Property size (Sq ft)

11,525 SF

Zone code

B2

Property type

Medical offices

Property subtype

Medical centers

APN

54 005 06 0007 000

APU

54005060007000

Description

This exceptional Class A medical office building, located at 1650 Fort St in Trenton, Michigan, offers 11,024 square feet of readily available space. Ideal for immediate occupancy, the property boasts a prime location, minutes from Beaumont Southshore Hospital and Henry Ford Wyandotte Hospital, ensuring convenient access for patients and staff. Situated on Fort Street and King Road, this building benefits from high visibility and easy access. The property is part of a thriving medical community, with numerous doctors already practicing nearby. Adding to its appeal, the building is adjacent to a well-established athletic center and a nearly completed senior complex, creating a synergistic environment. Ample on-site parking is available for staff and patients. The building features on-site management for ease of operation. For new 5-year leases, an attractive incentive of six months of free rent is offered. The asking price for the building is $800,000. Rent bumps are included in the lease terms. This presents a unique opportunity to acquire a well-positioned, fully built-out medical office building in a high-demand area. The property is zoned for medical use and is ready for immediate occupancy. The building's location in Wayne County, Michigan, zip code 48183, offers excellent accessibility and visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $2,073,347

  6.5%

  $1,913,858

  7%

  $1,777,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,078,048

  Geo Method

  $1,078,048

• Alternative Use

  Use

  Valuation

  Residential

  $2,373,184

  Hospitality

  $2,173,824

  Educational

  $1,808,596

  Medical

  $1,870,797

  Retail

  $2,813,372

Location Insight

City

Trenton

County

Wayne

State

Michigan

Latitude

42.1541

Longitude

-83.1896

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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