Profitable Motel Investment
For Sale
$699,000
13450 dix toledo Rd, Southgate, MI 48195
15-unit motel with manager's apartment, high cap rate.
Property SizeContact for details
Lot Size0.28 Acres
Days on Market164
Property Features for 13450 dix toledo Rd
General Information
Standard status
Active
Lot size
0.28 Acres
Property subtype
Commercial
Building Details
Year Built
1952
Listing Agency:
Brookstone, Realtors LLC
(810) 459-9217
Listed By:
Tariq Herish · License #MISPE-6501293554
(810) 459-9217
Source:
Elliman
Added: Mar 11
Changed: Aug 19
Last Checked: Aug 19 at 5:13AM
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 Brookstone, Realtors LLC
Investment Insights
Based on property information with market context.
The property at 13450 Dix Toledo Rd in Southgate, Michigan, presents a commercial real estate investment opportunity. This is a 15-unit extended-stay motel, which includes 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. The location features 120 feet of frontage on a heavily trafficked road, with approximately 35,000 vehicles passing by daily. The surrounding area has an average household income of $84,000 within a one-mile radius. The property is intended for use as a motel.
Key Highlights
- High cap rate of 20.97%
- Gross income of $196,000
- 15‑unit extended‑stay motel with manager's apartment
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Similar Off Market Nearby
- Almar Motel — 13206 Dix Toledo Rd, Southgate, MI 48195
- London Motel — 14035 Dix Toledo Rd, Southgate, MI 48195
- Hollywood Motel (new owners by Southgate's Extended Stay LLC.) — 13450 Dix Toledo Rd, Southgate, MI 48195
- Penelope's Venue — dix toledo rd, southgate, mi 48195
- Harion Inc — 13450 Dix Toledo Rd, Southgate, MI 48195
Frequently Asked Questions
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 of 20.97%; Gross income of $196,000; 15‑unit extended‑stay motel with manager's apartment
