Property profile

1231 Eureka Rd Wyandotte, MI 48192

OFF-MARKET
Retail space
Property ID
US43-1168052
1,764 SF 0.07 ac lot
Trust Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 1,764 square foot industrial property in Wyandotte, MI, presents a compelling investment opportunity. Situated on a 0.07-acre lot on Eureka Road, a high-traffic area, the property boasts a prominent storefront and an attached apartment complete with a garage. The building requires repairs, and the buyer is responsible for obtaining all necessary city approvals and a Certificate of Occupancy. The property is being sold "as is," reflecting its condition and the need for renovations. The combination of a commercial storefront and residential apartment offers potential for diverse income streams or owner-occupancy. The high visibility location on Eureka Road ensures excellent exposure for any business operating from the storefront. Given the "as is" condition, this property is ideal for a buyer with renovation experience or a contractor seeking a project with significant upside potential. The property's size and location make it a strong candidate for various uses, subject to city approvals and necessary renovations. Serious inquiries only. Buyer to verify all information.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 1,764 SF
Lot 0.07 ac (3,049 SF)
APN 57 021 10 0012 000
UPID US43-1168052

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1231 Eureka Rd Wyandotte, MI 48192-6111
Wyandotte metro Census 580900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2014
Last sale
$15,000
1 recorded transaction
2014
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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