1630 Fort StTrenton, MI 48183

Property Details for 1630 Fort St

Lot size

1.21 AC

Property size (Sq ft)

34,415 SF

Zone code

B2

Property type

Individual retail properties

APN

54 005 06 0005 000

APU

54005060005000

Description

This exceptional 35,500 square foot commercial property, located at 1630 Fort St in Trenton, Michigan (48183), presents a unique investment opportunity. Previously operating as a successful athletic club, this Class B building offers a versatile layout ideal for a variety of uses. Situated in Wayne County, the property enjoys a highly visible corner location at the intersection of Fort Street and King Road, adjacent to a CVS pharmacy, ensuring excellent exposure and accessibility. The building's extensive interior features include numerous racquetball courts, a squash court, fully equipped weight rooms, dedicated yoga and aerobic studios, ample locker rooms, and relaxing sauna and whirlpool facilities. The second floor previously housed a restaurant and banquet rooms, offering significant potential for expansion or repurposing. A portion of the building was also utilized as a physical therapy site for a major hospital, demonstrating its adaptability to healthcare-related businesses. This expansive space offers a blank canvas for creative entrepreneurs and investors seeking a substantial property with a rich history and promising future. The property's size and diverse amenities make it suitable for a wide range of commercial ventures, from fitness centers and wellness facilities to medical practices and entertainment venues. Its prime location and existing infrastructure provide a solid foundation for immediate occupancy and future growth. This is a rare opportunity to acquire a substantial commercial property in a thriving Michigan community.

• CAP approach

  CAP return

  Valuation

  6%

  $9,101,146

  6.5%

  $8,401,058

  7%

  $7,800,982

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,112,332

  Geo Method

  $8,112,332

• Alternative Use

  Use

  Valuation

  Residential

  $7,086,606

  Hospitality

  $6,491,294

  Educational

  $5,400,680

  Medical

  $5,586,418

  Retail

  $8,401,058

Location Insight

City

Trenton

County

Wayne

State

Michigan

Latitude

42.1549

Longitude

-83.1897

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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