Versatile Commercial Property For
1219 Eureka Ave Wyandotte, MI 48192
1219 Eureka Ave, Wyandotte, MI, 48192
$650,000
For Sale
$650,000
High-visibility commercial property with flexible space and ample parking.
Property Size6,000 SF
Price / SF$108.33
Days on Market85
Property Features for 1219 Eureka Ave
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1999
Listing Agency
Golden Key Realty Group LLC
(248) 765-8998
Listed by
Harry M Lee · License #6501376856
(248) 765-8998
Source
Elliman
Added: Apr 24 Checked: Jul 17 at 6:13 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Golden Key Realty Group LLC
Investment Insights
Based on property information with market context.
This commercial property offers over 6,000 square feet of versatile space in a prime location with high visibility. Power and utilities are already connected, facilitating immediate use. The spacious layout is suitable for a variety of uses, including showrooms, workshops, mixed-use concepts, or customized business ventures. Ample on-site parking with multiple parking spaces is available for customers, clients, and staff. The location has a walk score of 75, indicating it is very walkable, and a bike score of 55, indicating it is bikeable.
Key Highlights
- Prime location with high visibility.
- Over 6,000 square feet of versatile space.
- Ample on‑site parking.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $14.40 |
| − Vacancy | −$5.2k | −$0.86 |
| EGI | $81.2k | $13.54 |
| − OpEx | −$24.4k | −$4.06 |
| NOI | $56.9k | $9.48 |
6,000 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$812.2K
$710.6K – $947.5K
NOI $56,851 @ 7.0% cap · market cap 8.75%
Second Best
Flex RnD
$540.8K
$473.2K – $631.0K
NOI $37,857 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$1.11M
$972.0K – $1.30M
NOI $77,760 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Showrooms
Similar For Sale Nearby
Similar Off Market Nearby
- Lowe's Home Improvement — 16410 Trenton Rd, Southgate, MI 48195
- Express Flooring & Carpet — 13470 Eureka Rd, Southgate, MI 48195
- Express Flooring Outlet — 13470 Eureka Rd, Southgate, MI 48195
- Michigan Epoxy Floor Systems — 3590 22nd St, Wyandotte, MI 48192
FAQs
What type of property is this?
Showroom - High-visibility commercial property with flexible space and ample parking.
Where is this showroom located?
The property is located at 1219 Eureka Ave Wyandotte, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime location with high visibility.; Over 6,000 square feet of versatile space.; Ample on‑site parking.
