13337 Dix Toledo Rd, Southgate, MI 48195

Building Details

Building Size 1,580 SF More

Year Built 1971 More

Buildings 1 More

Listing Agency: New Michigan Realty

Listed By: Joseph Tinpan · License #6501306210 Show Phone

Source: Elliman

Added: Nov 8 Last Checked: Nov 8 at 5:46PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This liquor store property includes a 1,580-square-foot building and a dedicated parking lot. The property may be purchased without the liquor license; the business, building, and license are also offered together. The building dates to 1971.

The store’s annual sales are approximately $500,000, and inventory is estimated at $40,000 to $45,000. These figures relate to the business and inventory, not the real estate alone.

Key Highlights

• 1,580‑square‑foot building
• Dedicated parking lot
• Property can be acquired without the liquor license

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,477

Cap Rate

6.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$409,540 $409.5K

Cap Rate 7%

$292,529 $292.5K

Cap Rate 9%

$227,522 $227.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,580 SF

Gross rent

$28.4K $18.00/SF

− Vacancy

−$1.1K −$0.72/SF

EGI

$27.3K $17.28/SF

− OpEx

−$6.8K −$4.32/SF

NOI

$20.5K $12.96/SF

Area

Wayne County, MI

Vacancy

4.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$409,540

Cap Rate 7%

$292,529

Cap Rate 9%

$227,522

Alternative Uses

Best Use

Specialty Retail

$292.5K

$256.0K – $341.3K (±1% cap)

NOI $20,477 @ 7.0% cap · market cap 6.30%

Second Best

Retail

$213.9K

$187.1K – $249.5K (±1% cap)

NOI $14,971 @ 7.0% cap · market cap 4.61%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Wine Town (Bike/Boat/Book/etc) Store Amazon Counter - Southgate ... Courier Service

Suggested Use

Top Pick Real Estate Agency Law Firm Accounting Firm Skin Care Clinic Parking Lot & Garage Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

500

Businesses Nearby

15k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Little Caesars Pizza Dining

5,732 visits/mo 0.4 miles

KFC Dining

4,143 visits/mo 0.5 miles

Happy's Pizza Dining

3,298 visits/mo 0.2 miles

Jimmy John's Dining

1,946 visits/mo 0.3 miles

Demographics for 48195, MI

30,014

Population

13,033

Households

2.3

Avg Household Size

42

Median Age

21%

College-Educated

89%

High-School Grad

6.9 sq mi

ZIP Area

4,350

Density / Sq Mi

$64,635

Median Household Income

$43,368

Median Earnings

$1,102

Median Rent

$165,400

Median Home Value

Market

Average Price Trend$/SF for Grocery and convenience stores in Wayne County, MI

$173 Jul

$120 Aug

$134 Sep

$143 Oct

Properties on Market for Grocery and convenience stores in Wayne County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The freestanding shop includes its own parking area and can be purchased without the liquor license.

Where is this grocery and convenience store located?

The property is located at 13337 Dix Toledo Rd Southgate, MI.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 1,580‑square‑foot building; Dedicated parking lot; Property can be acquired without the liquor license