3574 Fort StLincoln Park, MI 48146

Property Details for 3574 Fort St

Year built

1955

Lot size

0.14 AC

Property size (Sq ft)

5,632 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

45 018 03 0001 000

APU

45018030001000

Description

This exceptional 1.52-acre commercial land parcel, located at 3574 Fort Street in Lincoln Park, Michigan, presents a unique investment opportunity. Situated in the desirable Downriver South submarket, this property boasts an MX-2 zoning designation, opening doors to a variety of development possibilities. The expansive lot size offers ample space for projects such as housing developments or self-storage facilities, catering to the area's growing needs. The property's address is 3574 Fort St, Lincoln Park, MI 48146, with Wayne County as its jurisdiction. The APN is 45-018-06-0459-303. Its strategic location within a populated area ensures high visibility and accessibility, further enhancing its investment potential. The asking price for this exceptional property is $1,120,000. The large lot size allows for ample parking spaces, a significant advantage for any future development. This is a for sale by owner listing. This prime commercial land presents a rare opportunity for developers seeking a well-positioned site in a thriving community. Don't miss out on this chance to acquire a valuable asset with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,604,324

  6.5%

  $1,480,915

  7%

  $1,375,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,327,580

  Geo Method

  $1,327,580

• Alternative Use

  Use

  Valuation

  Residential

  $1,249,207

  Hospitality

  $1,144,267

  Educational

  $952,017

  Medical

  $984,758

  Retail

  $1,480,915

Location Insight

City

Lincoln Park

County

Wayne

State

Michigan

Latitude

42.2332

Longitude

-83.1811

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].