2100 Southfield RdLincoln Park, MI 48146
- Retail properties
- 282,489 SF
Property Details for 2100 Southfield Rd
- Lot size
- 15.96 AC
- Property size (Sq ft)
- 282,489 SF
- Property type
- Retail properties
- APN
- 45 005 99 0006 700
- APU
- 45005990006700
Description
This exceptional retail property, located at 2100 Southfield Road in Lincoln Park, Michigan, 48146, offers a prime opportunity for businesses seeking flexible and spacious accommodations. The property boasts a total of 100,989 square feet of retail space within a multi-tenant building. Currently, a significant portion of the building, totaling 75,060 contiguous square feet, is available for lease. This presents a unique chance for a large-scale retailer or a business requiring substantial space. However, the property also caters to smaller businesses, with a minimum leasable space of 1,300 square feet. This flexibility allows for a diverse range of tenants, from smaller boutiques to larger retail operations. The property sits on a sizable lot ranging from 1.54 to 7.08 acres, providing ample parking and visibility from Southfield Road. The property's location in Lincoln Park, Michigan offers excellent access to major transportation routes and a strong local customer base. This is an ideal opportunity to establish or expand a retail presence in a thriving community. The property is classified as commercial retail and is ready for immediate occupancy. Interested parties should inquire about lease terms and availability. The property's size and location make it an attractive investment for businesses seeking a prominent retail space in a strategic location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $86,367,776
- 6.5%
- $79,724,096
- 7%
- $74,029,520
-
Comparable approach
- Method
- Valuation
- Relative Method
- $66,588,532
- Geo Method
- $66,588,532
-
Alternative Use
- Use
- Valuation
- Residential
- $67,250,264
- Hospitality
- $61,600,876
- Educational
- $51,251,208
- Medical
- $53,013,816
- Retail
- $79,724,096
Location Insight
- City
- Lincoln Park
- County
- Wayne
- State
- Michigan
- Latitude
- 42.2567
- Longitude
- -83.1942
- 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
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