1231 Eureka Rd, Wyandotte, MI 48192-6111
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.