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    Property profile & analytics

    15975 Eureka Rd Southgate, MI 48195-2657

    • Retail space
    • 1,875 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Last Sale
    Nov 27, 2024
    $300,000
    Location Intelligence
    Property ID
    US43-1757237
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hanna Romanos Hair / Hair Salon
    • J Rosario Salon Suite / Hair Salon

    Property Details for 15975 Eureka Rd

    Year built
    1981
    Lot size
    0.47 lot acres
    Property size
    1,875 SF
    Zone code
    C-1 COMM BUS
    Property type
    Retail space
    APN
    53 021 02 0013 000
    APU
    53021020013000

    Description

    This 2,167 square-foot medical office building, located at 15975 Eureka Road in Southgate, Michigan, is available for $395,000. The freestanding building sits on a 0.46-acre lot and boasts 12-foot ceilings, providing ample space for a variety of uses. Renovated in 2021, the property offers convenient parking for over 20 vehicles. Its C-1 zoning permits a range of retail, office, and medical uses, making it a versatile investment opportunity. The building's prior use as a salon showcases its adaptability. Situated on heavily traveled Eureka Road in Wayne County, this property benefits from high visibility and accessibility. The vacant status presents a unique chance to customize the space to meet specific business needs. With its recent renovation, ample parking, and flexible zoning, this property is an excellent choice for entrepreneurs and investors seeking a prime location in a thriving Michigan community. The zip code is 48195.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $305,000
      6.5%
      $315,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $255,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $305,000
      Mixed-Use
      $330,000
      Hospitality
      $300,000
      Educational
      $290,000
      Residential Income
      $355,000
      Energy
      $325,000
      Income-Based Land
      $340,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Southgate
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2174
    Latitude
    42.1985
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,373
    $0.00
    $0.00
    $134,000
    -
    $0.00
    $0.00
    $268,000

    Comparable in this City

    • Value Estimation by Request
      9,800 SF

      18809-18833 Eureka Rd

      Individual retail properties • 9,800 SF
      18809-18833 Eureka Rd, Southgate, MI 48195
      View Details
    • Value Estimation by Request
      1,030 SF

      13546 Northline Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,030 SF
      13546 Northline Rd, Southgate, MI 48195-1080
      View Details
    • Value Estimation by Request
      400 SF

      13557 Northline Rd

      RETAIL STORES (PERSONAL SERVICES) • 400 SF
      13557 Northline Rd, Southgate, MI 48195-1064
      View Details
    • Value Estimation by Request
      4,769 SF

      12354 Ft St

      RETAIL STORES (PERSONAL SERVICES) • 4,769 SF
      12354 Ft St, Southgate, MI 48195-1008
      View Details
    • Value Estimation by Request
      2,887 SF

      14222 Ft St

      RETAIL STORES (PERSONAL SERVICES) • 2,887 SF
      14222 Ft St, Southgate, MI 48195-1270
      View Details
    • Value Estimation by Request
      1,400 SF

      14432 Northline Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,400 SF
      14432 Northline Rd, Southgate, MI 48195-2401
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $1,250 /Mo

      Eureka Road Retail/Office Space

      Retail or office space available for lease on Eureka.
      18708 Eureka Rd, Southgate, MI 48195
      View Details
    • Contact for pricing
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      Prime Retail Space, Immediate Occupancy
      13256 Northline Rd, Southgate, MI 48195
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    • Contact for pricing
      2,300 SF

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    • Contact for pricing
      34,019 SF

      Retail Center on Eureka Road

      Retail center in a high-traffic downriver retail corridor.
      14155 Eureka Rd, Southgate, MI 48195
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      Retail Space on Eureka Road

      3,825 SF retail space with high visibility.
      19363 Eureka Rd, Southgate, MI 48195
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    • $14,000 /Mo

      High-Traffic Retail/Showroom Opportunity

      Spacious 24,000 SF building in high-traffic location.
      16153 Eureka Rd, Southgate, MI 48195
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    15975 Eureka Rd
    Southgate, MI 48195-2657
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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