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Property profile & analytics
FOR SALE
Outlet malls

14255 Eureka Rd Southgate, MI 48195-2064

70,392 SF 5.61 ac lot Built 1971
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1167423
No photos on file
For Sale
Contact for pricing 70,392 SF
14255 Eureka Rd, Southgate, MI 48195-2064
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Property summary
AI-generated overview

Southgate Shopping Center presents a prime retail opportunity with 11,292 square feet of immediately available space in a newly renovated Class B shopping center. This versatile space, situated within a multi-tenant building totaling 70,732 square feet, offers significant potential for a variety of retail uses. The space is currently vacant and can be subdivided to accommodate smaller tenants, offering flexibility for businesses of different sizes. Its advantageous location next to a brand-new Crunch Fitness ensures high foot traffic and visibility. The center boasts a large, open floor plan, ideal for maximizing retail space and creating an inviting atmosphere for customers. A pylon sign panel is available for prominent branding opportunities, further enhancing visibility and attracting potential customers. The entire shopping center underwent a complete renovation in 2021, ensuring modern amenities and a well-maintained environment. The building comprises four suites in total. This is an exceptional opportunity to establish a thriving business in a high-traffic, convenient location within a recently updated shopping center. Don't miss this chance to secure prime retail space in a thriving commercial area. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1971
Total area 70,392 SF
Lot 5.61 ac (244,372 SF)
Zoning code C-2 GEN BUS
APN 53 025 99 0004 002
UPID US43-1167423
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
Current use
Occupant on record · Public records
  • NAPA Auto Parts Auto Parts Store
  • Crunch Fitness - Southgate Gym & Fitness Center
  • Spirit Halloween (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$880k
Owner & transaction history
Cgz Associates LP · 6 yrs held
Cgz Associates LP
since 2020
Last sale
$800,000
5 recorded transactions
2020
$800,000
2017
Price N/A
2015
$3.2M
2006
Price N/A
1969
Price N/A
Zoning & alternative use
C-2 GEN BUS · Southgate, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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