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Property profile & analytics
FOR LEASE
Turn key restaurants

14980 Dix Toledo Rd Southgate, MI 48195

8,400 SF 1.42 ac lot Built 1986
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-0035689
Property summary
AI-generated overview

This exceptional 8,778-square-foot retail or restaurant space is ideally situated at 14980 Dix Toledo Road in Southgate, Michigan, within Wayne County. The property boasts a prominent location with high visibility and significant traffic flow, making it perfect for a variety of commercial uses. The single-tenant building sits on a generous 1.425-acre lot and offers 111 parking spaces, ensuring ample convenience for customers and employees. The zoning is C-3 Throughfare Service, allowing for a wide range of commercial activities. The entire building is currently vacant, presenting a unique opportunity for a business to establish a strong presence in a thriving area. The property's size and location make it an excellent investment for businesses seeking high visibility and accessibility. With its substantial square footage and ample parking, this property is ready for immediate occupancy. The address is 14980 Dix Toledo Rd, Southgate, MI 48195. This is a rare opportunity to secure a prime commercial space in a high-traffic area. The property is available for lease.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1986
Total area 8,400 SF
Lot 1.42 ac (61,855 SF)
Zoning code C-3 THOROFARE
APN 53 016 99 0050 003
UPID US43-0035689
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
  • Twin Peaks Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$1.21M
Owner & transaction history
Peaks Properties Soughgate LLC · 8 yrs held
Peaks Properties Soughgate LLC
since 2017
5 recorded transactions
2018
Price N/A
2017
Price N/A
2005
$1.1M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-3 THOROFARE · Southgate, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.9M +120.5%
Commercial (general) $925,000 +6.1%
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