Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    13545 Eureka Rd Southgate, MI 48195

    View on Map
    Sponsored
    For Sale
    $1,850,000

    COMMERCIAL - Southgate, MI

    Type:Retail
    Property size:
    10,972 SF
    Lot size:
    0.70 Acres
    Days on Market:
    9
    Last Refresh:
    Mar 25 at 7:06 pm

    Property Features for 13545 Eureka Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    53-019-08-0001-000
    Size
    10,972 SF
    Lot size
    0.70 Acres

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air

    Building Details

    Year built
    1999
    Number of units
    1

    We can help!

    Listing Contact
    Tjader Gerdom
    Tjader Gerdom

    GRI Homes for Today

    Listing agent Tjader Gerdom

    Listing date Mar 17, 2026

    MLS# 26010169

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Freestanding Building in Southgate Center

    This freestanding building, formerly a CVS, is available for sale or lease. The property is located within the Southgate Shopping Center, situated at the southeast quadrant of Eureka and Trenton Roads. The center is home to MJR Theater, Planet Fitness, and other tenants. The property benefits from ample parking, a lighted entrance, and convenient access from both Eureka and Trenton Roads. The property size is 10972 square feet, situated on a lot of 0.7 acres. This location presents an opportunity for an investor or owner/user.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CVS Photo (Bike/Boat/Book/etc) Store CVS Pharmacy Pharmacy Phantom Fireworks Tent Discount Store MoneyGram Bank Southgate Shopping Center Shopping Center & Mall

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Benedict's Flowers, Thrifty Florist, Bakhaus Florist Gifts Candles

    Location Insight

    • Map
    • Local Demand
    City
    Southgate
    County
    Wayne
    State
    Michigan
    Longitude
    -83.189051
    Latitude
    42.19884

    Nearby Similar for Sale

    • $475,000
      2,100 SF

      Turnkey Laundromat Business and Real Estate

      Profitable laundromat with real estate and expansion lots included.
      13293 Northline Rd, Southgate, MI 48195
      View Details
    • $99,900
      1,644 SF

      Southgate Property with Business Potential

      Residential property in Southgate, MI, with potential for business conversion.
      15602 Northline Rd, Southgate, MI 48195
      View Details
    • $375,000

      Prime Commercial Location on Eureka

      Almost 5000 sqft commercial space on Class A road.
      14012 Eureka Rd, Southgate, MI 48195
      View Details
    • $700,000

      Eureka Road Commercial Space Available

      3,825 SF commercial space with high visibility on Eureka Rd.
      19363 Eureka Rd, Southgate, MI 48195
      View Details
    • $499,999
      4,000 SF

      Retail Building on Fort Street

      4,000 SF retail building with high visibility and parking.
      14750 Fort St, Southgate, MI 48195
      View Details
    • $99,900
      Pending

      Southgate Office Conversion Opportunity

      1644 SF property with business use potential in Southgate.
      15602 Northline Rd, Southgate, MI 48195
      View Details
    • $2,700,000

      Southgate Retail Opportunity For Sale

      Multi-tenant retail property in Southgate, MI, with strong demographics.
      16215 Dix Toledo Rd, Southgate, MI 48195
      View Details
    • $699,000

      Profitable Motel Investment Opportunity

      15-unit motel with manager's apartment, high cap rate.
      13450 Dix Toledo Rd, Southgate, MI 48195
      View Details
    • $699,000

      Profitable Motel Investment Opportunity

      15-unit motel with manager's apartment, high cap rate.
      13450 Dix Toledo Rd, Southgate, MI 48195
      View Details
    • $200,000
      1,473 SF

      Commercial Retail Building For Sale

      Commercial retail building suitable for various retail or office uses.
      13155 Trenton Rd, Southgate, MI 48195
      View Details
    • Contact for pricing

      Dix-Toledo Shopping Center for Sale

      91% leased community shopping center with national tenant base.
      15200 Dix Toledo Rd, Southgate, MI 48195
      View Details
    • $475,000
      2,855 SF

      Southgate Industrial Building - For Sale

      Renovated Office Building, Ample Parking, Great Location
      12170 Fort St, Southgate, MI 48195
      View Details

    FAQs

    What type of property is this?
    Storefront property - Freestanding building in a busy shopping center, suitable for investment.
    Where is this storefront property located?
    The property is located at 13545 Eureka Rd Southgate, MI.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Freestanding, former CVS building suitable for sale or lease.; - Located in the busy Southgate Shopping Center with MJR Theater and Planet Fitness.; - Ample parking and lighted entrance.
    (248) 515-7606
    Request Owner's contact information
    13545 Eureka Rd Southgate, MI 48195
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13545 Eureka Rd
    Southgate, MI 48195
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13545 Eureka Rd Southgate, MI 48195
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tjader Gerdom
    Tjader Gerdom
    Real Estate License ID: 6502367710
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!