Property tours are available by appointment ONLY. Please contact Rich Deptula to schedule a site tour at richard.deptula@freg.com or 248-848-4938. Investment Highlights: ±175,609 SF community retail center with significant value-add potential Center has operated in the trade area for more than 60 years Northern portion of the center had a new roof installed in 2015 and comes with 15-year warranty Situated along Fort Street, which sees daily traffic volumes in excess of 40,000 vehicles per day Configuration of suites allows for full scope of retail operators Abundant parking ratio of 4.55 per 1,000 square feet of rentable area Well-positioned real estate that not only serves the City of Lincoln Park, but also draws residents from nearby Allen Park, Southgate, Riverview and Taylor Excellent linkages to medical centers, convention venues, educational facilities, lodging, dining and transportation Positioned “up on the street” and allows for rear facing access from the parking field and street-side pedestrian foot traffic Investment Overview: Lincoln Park Plaza is a ±175,609 SF community retail center located at 3574-3760 Fort Street in Lincoln Park, Michigan, positioned ±9 miles southwest of the Detroit CBD, ±27 miles east of Ann Arbor, Michigan, and ±40 miles northeast of Toledo, Ohio. Positioned on a ±14.157 acre, the center is comprised of two inline retail buildings containing (17) retail units ranging in size from ±2,090 SF to ±39,860 SF. Currently ±45.40% occupied, the center’s current tenants include ACE Hardware, Payless Liquidation, H&R Block, Hallmark, and Check N Go. The storefronts line Fort Street with parking in the rear of the buildings, which greatly benefit from the “up on the street” position along the quarter-mile long market window that sees more than ±40,000 vehicles per day. Lincoln Park Plaza was constructed in phases that commenced in 1955 and is situated on five (5) tax parcels and offers a surface parking field which provides abundant parking of ±793 open and accessible stalls at a ratio of 4.55 per thousand SF of rentable area. Located in a region of the Detroit metropolitan area known as “Downriver” due to its locale south of Detroit and along the Detroit River, the center also serves other “Downriver” communities including Allen Park, Southgate, Riverview and Taylor. This opportunity gives potential investors the ability to acquire a large community retail center with significant value-add potential that has operated in the trade area for more than 60 years.
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Retail Space
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