3930 Dix HwyLincoln Park, MI 48146

Property Details for 3930 Dix Hwy

Year built

1957

Lot size

0.09 AC

Property size (Sq ft)

1,720 SF

Property type

Retail space

APN

45 017 09 0008 000

APU

45017090008000

Description

This exceptional 1800-square-foot office space is available for lease at 3930 Dix Hwy, Lincoln Park, MI 48146. Located on Dix Hwy, near the cross street of Leblanc St, this single-tenant property boasts a prime location with high visibility. The building, constructed in 1957, is a single-story structure offering convenient access and ample parking. With over 100 parking spaces available, clients and employees will find parking a breeze. The property is zoned commercial and features an open canvas layout, previously used as a karate studio. Its current position between a barber shop and a State Farm office provides excellent synergy and foot traffic potential. The property's APN is 45017090008000. This versatile space is ideal for a variety of businesses seeking a well-located, easily accessible office in a thriving commercial area. All square footage measurements are approximate and should be verified independently. The property type is classified as Retail, Office, and Special Purpose, with a Traditional Office subtype.

• CAP approach

  CAP return

  Valuation

  6%

  $525,870

  6.5%

  $485,419

  7%

  $450,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $405,440

  Geo Method

  $405,440

• Alternative Use

  Use

  Valuation

  Residential

  $409,469

  Hospitality

  $375,071

  Educational

  $312,055

  Medical

  $322,787

  Retail

  $485,419

Location Insight

City

Lincoln Park

County

Wayne

State

Michigan

Latitude

42.2271

Longitude

-83.1946

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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