27975 Eureka RdRomulus, MI 48174

Property Details for 27975 Eureka Rd

Year built

1968

Lot size

0.19 AC

Property size (Sq ft)

3,788 SF

Zone code

R1B-S.F

Property type

Day care centers & nurseries

APN

80 141 02 0004 000

APU

80141020004000

Description

This exceptional investment opportunity presents a turnkey, highly profitable childcare center in Romulus, Michigan, coupled with the underlying real estate. The 3,838 square foot facility sits on a 0.22-acre lot at 27975 Eureka Road. Currently generating a projected monthly net income of $68,184, this established business offers immediate cash flow. The sale includes both the business and the real estate for a total asking price of $1.2 million. This presents a unique chance to capitalize on the significant demand for childcare in the area, further enhanced by the State of Michigan's commitment to expanding childcare access. The state has allocated $100 million in grants to establish 1000 new childcare facilities within the next two years, making this an especially attractive investment. The property's strong financial performance, combined with the potential for growth fueled by state initiatives, positions this offering as a compelling investment prospect. The existing infrastructure and operational success provide a solid foundation for continued profitability and expansion. Serious inquiries are encouraged to explore this rare combination of established business and valuable real estate. Detailed financial statements and operational data are available upon request. This is a turnkey operation ready for immediate ownership and income generation.

• CAP approach

  CAP return

  Valuation

  6%

  $734,921

  6.5%

  $678,389

  7%

  $629,932

• Comparable approach

  Method

  Valuation

  Relative Method

  $354,330

  Geo Method

  $354,330

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,317,910

  Retail / Commercial

  $679,278

  Mixed-Use / Specialty

  $679,584

  Hospitality / Lodging

  $502,142

  Office

  $678,389

  Institutional / Educational

  $707,469

  Residential Income

  $827,739

  Multifamily

  $977,619

  Automotive / Energy

  $606,402

  Parking / Income-Based Land

  $206,566

  Restaurant / Food Service

  $359,280

  Healthcare / Senior Housing

  $694,103

Location Insight

City

Romulus

County

Wayne

State

Michigan

Latitude

42.1955

Longitude

-83.3122

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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