13545 Eureka Rd, Southgate, MI 48195
For Sale
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This 10,972 square foot former CVS pharmacy and storefront is available for sale or lease in Southgate, Michigan. Located at 13545 Eureka Rd, 48195, this single-tenant building sits on a 0.73-acre lot and was built in 1998. The property boasts a prime location as an outparcel to a thriving shopping center, ranking in the top 98th percentile nationwide for foot traffic. Eureka Road sees over 29,000 vehicles daily, and the surrounding Fort Street/Eureka Road/Dix-Toledo Road corridor sees over 109,000 vehicles daily. The property benefits from a strong demographic profile, with over 205,000 residents within a 5-mile radius and an average household income exceeding $62,400 within 1 mile. The property is currently 100% occupied, although the lease term is 0 years. The asking price is $2,050,000, and the lease type is NNN. The property features a drive-thru and is surrounded by numerous national tenants, including 7-Eleven, Chili's, Taco Bell, Buffalo Wild Wings, Logan's Roadhouse, Little Caesars, and Arby's. No credit rating is available for the tenant. This is a fantastic opportunity for investors or businesses seeking a high-traffic retail location in a densely populated area.
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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
C-2 GEN BUS · Southgate, MISouthgate. Always verify with local authorities before improvements.
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.