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    19276 Eureka Rd Southgate, MI 48195

    For Sale
    $350,000

    High-traffic commercial lot, ideal for QSR.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This 0.93-acre commercial land parcel is strategically located on Eureka Road in Southgate, Michigan (Wayne County, zip code 48195), offering exceptional visibility and accessibility. Zoned C-2, this property is perfectly suited for a variety of commercial uses, particularly drive-thru restaurants, fast food establishments, and coffee shops. Its prime location near I-75, Menards, and Southfield Mall ensures high traffic volume and exposure to a large customer base. The asking price is $350,000, translating to $376,344.09 per acre. This represents a compelling investment opportunity given the property's location and zoning. The lot's size provides ample space for development, and there's a potential to expand the footprint by combining this parcel with the adjacent 19218 Eureka Road property for a total of over 1.24 acres. This property presents a rare chance to establish a thriving business in a high-demand commercial area. The coordinates are 42.1990731 latitude and -83.2271443 longitude.

    Property Features for 19276 Eureka Rd

    General Information

    Property type
    Land
    Lot Size
    40,511 SF

    HighLights

    • Price: $350,000, $8.64 per square foot.
    • Land Area: Approximately 1 acre on Eureka Road.
    • Location: High‑traffic area near I‑75, Menards, and Southfield Mall.
    • Ideal Use: Drive‑thru restaurants, fast food, and coffee shops.
    • Expansion Potential: Combinable with adjacent parcel (19218 Eureka) for over 1.24 acres total.
    • Zoning: C‑2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Southgate
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2271443
    Latitude
    42.1990731

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    FAQs

    What type of property is this?
    Land - High-traffic commercial lot, ideal for QSR.
    Where is this land located?
    The property is located at 19276 Eureka Rd Southgate, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Price: $350,000, $8.64 per square foot.; Land Area: Approximately 1 acre on Eureka Road.; Location: High-traffic area near I-75, Menards, and Southfield Mall.
    (248) 799-3143
    Request Owner's contact information
    19276 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
    19276 Eureka Rd Southgate, MI 48195
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