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Property profile & analytics
OFF-MARKET Estimated value $825,000
Office buildings

1400 Eureka Rd Wyandotte, MI 48192-6102

11,124 SF 0.66 ac lot Built 1923
Entity Owned 3-yr Hold Free & Clear
Property ID
US43-1068925
Property summary
AI-generated overview

This exceptional retail opportunity presents 11,400 square feet of prime commercial space located at 1400-1412 Eureka Rd in Wyandotte, Michigan. The property, a single-story Class C strip center, boasts a total of 38 parking spaces, ensuring ample convenience for customers. Built in 1923 and renovated in 2006, the building offers a blend of character and modern functionality. Currently, there is 6,300 square feet of vacant space available, divisible into units ranging from a minimum of 2,500 square feet to a maximum contiguous space of 3,800 square feet. The property is zoned B-2 General Business, providing flexibility for a variety of retail uses. Its location in Wyandotte, MI, zip code 48192, places it within a high-traffic area, promising excellent visibility and accessibility for businesses. The property's APN is 57-017-16-0289-300, and it is situated in Wayne County. This presents a unique chance to acquire a well-located retail property with significant potential for growth and profitability. The existing infrastructure and recent renovations provide a solid foundation for immediate occupancy and operation. Don't miss this opportunity to establish your business in a thriving community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1923
Total area 11,124 SF
Lot 0.66 ac (28,750 SF)
APN 57 017 16 0289 300
UPID US43-1068925
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
$630k
Comparable Approach Comparable
$920k
Blend (final) Blend
$825k
Owner & transaction history
Afm Wyandotte LLC · 3 yrs held
Afm Wyandotte LLC
since 2023
Last sale
$760,000
1 recorded transaction
2023
$760,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.2M +13.1%
Restaurant $1.2M +6.6%
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