4089 Dix HwyLincoln Park, MI 48146

Property Details for 4089 Dix Hwy

Year built

2008

Lot size

0.98 AC

Property size (Sq ft)

11,974 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

45 022 04 0077 301

APU

45022040077301

Description

This exceptional commercial property at 4089 Dix Hwy in Lincoln Park, Michigan, offers a unique blend of retail and executive office space. The building boasts a total of 11,942 square feet, currently featuring a mix of occupied and vacant units. A significant 3,332 square feet is readily available for lease, providing an excellent opportunity for businesses seeking immediate occupancy. The property's flexible layout caters to various needs, from small executive offices to larger retail operations. The "Multiple" tenancy structure allows for diverse business configurations within the building. The address is highly visible on Dix Highway, ensuring excellent exposure and accessibility for clients and employees. Ample parking is available, addressing a key concern for both staff and customers. The property is located in Lincoln Park, MI, zip code 48146, offering convenient access to major transportation routes and local amenities. This versatile space presents a compelling investment opportunity for businesses seeking a prominent location with substantial square footage and abundant parking. The available space ranges from smaller units to larger spaces, allowing for customization to suit specific business requirements. This is an ideal location for businesses seeking high visibility and convenient access in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,593,241

  6.5%

  $3,316,838

  7%

  $3,079,921

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,822,521

  Geo Method

  $2,822,521

• Alternative Use

  Use

  Valuation

  Residential

  $2,797,877

  Hospitality

  $2,562,840

  Educational

  $2,132,253

  Medical

  $2,205,584

  Retail

  $3,316,838

Location Insight

City

Lincoln Park

County

Wayne

State

Michigan

Latitude

42.224

Longitude

-83.1941

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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