1079 Fort StWyandotte, MI 48192
- Auto shops
- 9,264 SF
Property Details for 1079 Fort St
- Year built
- 1956
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.23 AC
- Property size (Sq ft)
- 9,264 SF
- Property type
- Auto shops
- APN
- 57 003 07 0163 001
- APU
- 57003070163001
Description
This exceptional 9,264 square foot industrial building presents a significant opportunity in Wyandotte, Michigan. Strategically located on Fort Street, this property offers convenient access from both directions, enhanced by a turnaround directly in front. A substantial fenced parking lot provides ample space. The building boasts approximately 4,500 square feet on the main level and an additional 4,500 square feet upstairs, accessible via a rear loading door ideal for deliveries. Currently configured as a well-equipped mechanic shop, the property includes seven hoists, a 2016 120-gallon rotary screw compressor, an AC machine, tire machine and balancer with weights and lugs, a 20-ton press, and a professional parts sandblaster. The extensive equipment included offers a turnkey operation for a similar business or a solid foundation for repurposing. The 0.23-acre lot provides ample space for expansion or outdoor operations. The property is offered at $599,900 and land contract terms are available. A list of alternative uses for the building is available upon request, highlighting the versatility and potential of this prime industrial space. This is a rare opportunity to acquire a substantial building in a desirable location with significant potential for various business ventures.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,549,515
- 6.5%
- $2,353,398
- 7%
- $2,185,298
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,183,718
- Geo Method
- $2,183,718
-
Alternative Use
- Use
- Valuation
- Residential
- $1,985,180
- Hospitality
- $1,818,414
- Educational
- $1,512,899
- Medical
- $1,564,930
- Retail
- $2,353,398
Location Insight
- City
- Wyandotte
- County
- Wayne
- State
- Michigan
- Latitude
- 42.2217
- Longitude
- -83.1806
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].