14100 Fort StSouthgate, MI 48195
- Retail space
- 1,984 SF
For Lease
Property Details for 14100 Fort St
- Year built
- 1976
- Lot size
- 0.49 AC
- Property size (Sq ft)
- 1,984 SF
- Zone code
- C-2 GEN BUS
- Property type
- Retail space
- APN
- 53 018 03 0203 000
- APU
- 53018030203000
Description
This exceptional 2,000 square foot commercial property, located at 14100 Fort Street in Southgate, Michigan (48195), presents a unique investment opportunity. Situated on a half-acre lot (APN: 53-018-03-0203-000) at the intersection of Fort Street and Eureka Road, this property boasts a highly visible location with easy access from surrounding downriver communities. The property is zoned C2, General Business, allowing for a wide range of retail and service uses. Currently, the building offers multiple tenancies within its 2,000 square feet of space. The property's versatility extends beyond the existing structure
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $524,674
- 6.5%
- $484,315
- 7%
- $449,721
-
Comparable approach
- Method
- Valuation
- Relative Method
- $467,670
- Geo Method
- $467,670
-
Alternative Use
- Use
- Valuation
- Residential
- $408,538
- Hospitality
- $374,218
- Educational
- $311,345
- Medical
- $322,053
- Retail
- $484,315
Location Insight
- City
- Southgate
- County
- Wayne
- State
- Michigan
- Latitude
- 42.2054
- Longitude
- -83.1811
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,016
-
-
$125,200
-
-
-
$250,400
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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