Mixed-Use Retail and
14226 Eureka Road Southgate, MI 48195
14226 Eureka Road, Southgate, MI, 48195
$750,000
For Sale
$750,000
Mixed-use property with ground-floor retail and a second-floor apartment, and recent exterior improvements including roof and generator.
Property Size4,000 SF
Price / SF$187.50
Days on Market87
Property Features for 14226 Eureka Road
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1950
Listing agency
KJ Commercial
(248) 931-1980
Listed by
Kevin Jappaya
(248) 931-1980
Source
Cpix.resimplifi
Added: Apr 27 Updated: Jul 22 at 8:32AM Checked: Jul 22 at 8:32AM
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 KJ Commercial
Investment Insights
Based on property information with market context.
This mixed-use property combines ground-floor retail with a second-floor apartment. The retail portion totals approximately 2,000 SF and can be split into two spaces. The residential component totals approximately 2,000 SF and is described as a 3-bed, 1-bath unit with living/dining areas, a kitchen, a utility room, and a walk-in closet, noted as a permitted non-conforming residential use.
Recent improvements include a newer roof, a generator, and front windows. The property is fully owner-occupied and is described as flexible for either an owner-user configuration or an investment conversion.
Located on the north side of Eureka Road in Southgate, MI, between Dix Toledo and Fort Street, the building benefits from exposure to 31,746 VPD traffic, with 218K+ population reported within a 5-mile radius. It is directly across the street from national retailers and established shopping centers.
Recent improvements include a newer roof, a generator, and front windows. The property is fully owner-occupied and is described as flexible for either an owner-user configuration or an investment conversion.
Located on the north side of Eureka Road in Southgate, MI, between Dix Toledo and Fort Street, the building benefits from exposure to 31,746 VPD traffic, with 218K+ population reported within a 5-mile radius. It is directly across the street from national retailers and established shopping centers.
Key Highlights
- Mixed‑use building with 2,000 SF ground‑floor retail and 2,000 SF second‑floor apartment
- Owner‑occupied; offers flexibility for owner‑user use or conversion for investment purposes
- Recent exterior improvements include a newer roof, generator, and front windows
Local Financial Insights For Mixed Use
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 | $21.60 |
| − Vacancy | −$10.4k | −$2.59 |
| EGI | $76.0k | $19.01 |
| − OpEx | −$28.5k | −$7.13 |
| NOI | $47.5k | $11.88 |
4,000 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$678.9K
$594.0K – $792.0K
NOI $47,520 @ 7.0% cap · market cap 6.34%
Second Best
Retail
$541.4K
$473.8K – $631.7K
NOI $37,901 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Longton Appliance Service ...
Home Appliance Store
Longton Appliance Service
Home Appliance Store
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property with ground-floor retail and a second-floor apartment, and recent exterior improvements including roof and generator.
Where is this mixed-use property located?
The property is located at 14226 Eureka Road Southgate, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Mixed‑use building with 2,000 SF ground‑floor retail and 2,000 SF second‑floor apartment; Owner‑occupied; offers flexibility for owner‑user use or conversion for investment purposes; Recent exterior improvements include a newer roof, generator, and front windows
