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    OFF-MARKET
    Retail space

    1231 Eureka Rd, Wyandotte, MI 48192-6111

    1,764 SF 0.07 ac lot
    Trust Owned 11-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1168052
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bergquist Family Living Trust · 11 yrs held
    Bergquist Family Living Trust
    since 2014
    Last sale
    $15,000
    1 recorded transaction
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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