16300 Fort StSouthgate, MI 48195

Property Details for 16300 Fort St

Year built

1994

Lot size

25.31 AC

Property size (Sq ft)

220,869 SF

Zone code

C-2 GEN BUS

Property type

Outlet malls

APN

53 020 99 0006 708

APU

53020990006708

Description

This exceptional retail leasing opportunity is located inside a high-traffic Meijer store in Southgate, Michigan, at 16300 Fort St, 48195. The available space totals 799 square feet, offering a prime, front-of-store location with unparalleled visibility and access to thousands of weekly customers. This "Store-Within-A-Store" concept provides a range of benefits, including a strategic placement for maximum customer interaction and exposure. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities. Branding opportunities include both interior and exterior signage. The location boasts exceptional demographics within a thriving trade area. This space is ideal for various businesses, including financial institutions, food and beverage establishments, service businesses, and health and wellness providers. The property is part of a larger network of similar opportunities available throughout the Midwest. The total vacant space within the Meijer location is 1,520 square feet, with at least one 799 square foot space currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $58,409,444

  6.5%

  $53,916,408

  7%

  $50,065,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $52,063,416

  Geo Method

  $52,063,416

• Alternative Use

  Use

  Valuation

  Residential

  $45,480,508

  Hospitality

  $41,659,900

  Educational

  $34,660,548

  Medical

  $35,852,580

  Retail

  $53,916,408

Location Insight

City

Southgate

County

Wayne

State

Michigan

Latitude

42.1906

Longitude

-83.1847

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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