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    16060 Eureka Rd Southgate, MI 48195

    For Lease
    $15 SF/Yr ($1,000 /Mo)

    800 SF Retail Space - Immediate Occupancy

    Lot size:
    800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 800-square-foot retail space is located at 16060 Eureka Road in Southgate, Michigan, within Wayne County (zip code 48195). The property is a multi-tenant retail center offering excellent visibility due to its main road frontage and prominent signage, including a pylon sign. The space is immediately available for occupancy, making it ideal for businesses seeking a quick start. The versatile layout allows for many potential uses, catering to a variety of retail businesses. This is a gross lease, meaning the rental rate includes real estate taxes, building insurance, lawn care, and snow removal, simplifying budgeting and management for the tenant. The landlord is highly motivated to lease the space, presenting a compelling opportunity for prospective tenants. The property's location in Southgate, Michigan provides access to a well-established local market. This is a fantastic opportunity for a business seeking a convenient, visible, and well-maintained retail space. The property is classified as commercial retail and offers a single available unit within a larger building.

    Property Features for 16060 Eureka Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    800 SF
    Total Rate
    1000

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    800 SF
    Rate per SF
    $15

    HighLights

    • 800‑square‑foot retail space available at 16060 Eureka Road, Southgate, MI 48195.
    • High‑visibility location with main road frontage and pylon signage in a multi‑tenant retail center.
    • Immediately available; ideal for quick occupancy.
    • Versatile layout suitable for various retail uses.
    • Gross lease includes taxes, insurance, lawn care, and snow removal.
    • Highly motivated landlord.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MerciLAND FARMACIE Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Southgate
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2183858
    Latitude
    42.1992055

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    FAQs

    What type of property is this?
    Retail property - 800 SF Retail Space - Immediate Occupancy
    Where is this retail property located?
    The property is located at 16060 Eureka Rd Southgate, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 800-square-foot retail space available at 16060 Eureka Road, Southgate, MI 48195.; High-visibility location with main road frontage and pylon signage in a multi-tenant retail center.; Immediately available; ideal for quick occupancy.
    Request Owner's contact information
    16060 Eureka 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
    16060 Eureka Rd Southgate, MI 48195
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