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

    0000 Eureka Rd Wyandotte, MI 48180

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $249,900

    Commercial land suitable for various developments in a growing community.

    Lot size:
    0.65 Acres

    Property Features for 0000 Eureka Rd

    General Information

    Property type
    Land
    Standard status
    Active
    Lot size
    0.65 Acres

    We can help!

    Listing Contact
    Ali T Charara
    Ali T Charara
    Source: Elliman

    Listing Agency: Century 21 Commercial Curran & Oberski | Dearborn Heights Listing Agent: Ali T Charara

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Acreage in Growing Community

    This commercial acreage, zoned B-2, presents an opportunity for development in a growing community. Approved for 59 condos to be developed directly adjacent to this parcel, it is suitable for a strip mall, restaurants, medical offices, and other possibilities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Wyandotte
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2685
    Latitude
    42.2256

    Nearby Similar for Sale

    • $650,000
      6,465 SF

      Versatile Commercial Property in Wyandotte

      6,000+ sq ft commercial space ready for immediate use.
      1219 Eureka Ave, Wyandotte, MI 48192
      View Details
    • $975,000
      5,469 SF

      Retail Space in Wyandotte, MI

      Retail property for sale in Wyandotte, Michigan.
      1744 Biddle Ave, Wyandotte, MI 48192
      View Details
    • New
      $519,900
      2,832 SF

      Turnkey, Fully Leased Triplex

      Fully renovated Wyandotte triplex with independent utilities and private laundry.
      171 Davis St, Wyandotte, MI 48192
      View Details
    • New
      $339,900
      0.16 Acres

      Well-Maintained Triplex Near Downtown Wyandotte

      Triplex with two 2-bedroom units and a 1-bedroom carriage house.
      836 Pine St, Wyandotte, MI 48192
      View Details
    • $1,800,000
      Pending

      Wyandotte Warehouse with Storage Potential

      Large warehouse with self-storage opportunity and existing tenant in Wyandotte.
      341 Goddard Rd, Wyandotte, MI 48192
      View Details
    • $259,900
      1,940 SF

      Two Homes on One Lot

      Two separate homes on one lot in desirable location.
      3132-3134 Van Alstyne St, Wyandotte, MI 48192
      View Details
    • $495,000
      2,140 SF

      Turnkey Restaurant For Sale

      Fully equipped restaurant with drive-thru and ample parking.
      1297 Fort St, Wyandotte, MI 48192
      View Details
    • $900,000

      Wyandotte Flex Space For Sale

      15,000 sq ft flex space in Wyandotte for sale.
      2025 Eureka Rd, Wyandotte, MI 48192
      View Details
    • $530,000

      Turnkey, Fully Leased Three-Unit Property

      Fully renovated, low-maintenance three-unit property in Wyandotte, Michigan.
      171 Davis St, Wyandotte, MI 48192
      View Details
    • $339,900

      Well-Maintained Triplex Near Downtown

      Triplex with two 2-bedroom units and one 1-bedroom unit.
      836 Pine St, Wyandotte, MI 48192
      View Details
    • $1,100,000

      Prime Restaurant Real Estate Downtown Wyandotte

      Restaurant property in the heart of historic Downtown Wyandotte.
      1744 Biddle Ave, Wyandotte, MI 48912
      View Details
    • $1,800,000
      Pending

      Wyandotte Warehouse with Storage Potential

      Large warehouse with storage facility and expansion opportunity.
      341 Goddard Rd, Wyandotte, MI 48192
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land suitable for various developments in a growing community.
    Where is this commercial land located?
    The property is located at 0000 Eureka Rd Wyandotte, MI.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - Zoned B-2, allowing for a wide range of commercial uses.; - Approved for 59 condos to be developed directly adjacent to the parcel.; - Excellent location for a strip mall, restaurants, or medical offices.
    (313) 274-7200
    Request Owner's contact information
    0000 Eureka Rd Wyandotte, MI 48180
    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.
    0000 Eureka Rd
    Wyandotte, MI 48180
    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
    0000 Eureka Rd Wyandotte, MI 48180
    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
    Ali T Charara
    Ali T Charara
    Real Estate License ID: 6501340600
    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!