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    13450 Dix Toledo Rd Southgate, MI 48195

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    For Sale
    $699,000

    15-unit motel with manager's apartment, high cap rate.

    Lot size:
    0.28 Acres

    Property Features for 13450 Dix Toledo Rd

    General Information

    Lot size
    0.28 Acres

    Building Details

    Year built
    1952

    Source: Brookstone, Realtors LLC Agent Tariq Herish

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

    Overview

    Profitable Motel Investment Opportunity

    The Hollywood Motel, located at 13450 Dix Toledo Rd in Southgate, Michigan, presents an investment opportunity. This extended-stay motel features 15 units and a manager's apartment. The property was renovated last year with $32,000 in upgrades. The motel is fully licensed and offers amenities such as WI-FI, cable TV, and free parking. Situated on a heavily trafficked road, the property benefits from 120 feet of frontage and an estimated 35,000 vehicles passing by daily. The average weekly rate is between $300 and $325. The surrounding area has an average household income of $84,000 within a one-mile radius.
    Insight Report Location Intelligence

    Current Use by Public Records

    Hollywood Motel (new ... Motel Harion Inc Hotel

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Similar Places Nearby

    Almar Motel, London Motel, Hollywood Motel (new owners by Southgate's Extended Stay LLC.), Penelope's Venue, Harion Inc

    Location Insight

    • Map
    • Local Demand
    City
    Southgate
    County
    Wayne
    State
    Michigan
    Longitude
    -83.199472
    Latitude
    42.209321

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    FAQs

    What type of property is this?
    Motel - 15-unit motel with manager's apartment, high cap rate.
    Where is this motel located?
    The property is located at 13450 Dix Toledo Rd Southgate, MI.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - High Cap Rate: 20.97% offers a lucrative investment opportunity; - Substantial Gross Income: $196,000 annually indicates strong revenue potential; - Recent Renovations: $32,000 in upgrades completed last year
    (810) 459-9217
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    13450 Dix Toledo Rd Southgate, MI 48195
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    Southgate, MI 48195
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    Realmo Value Estimation

    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.

    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.

    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
    13450 Dix Toledo Rd Southgate, MI 48195
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