Multi-Use Retail and Office
23944 Eureka Road Taylor, MI 48180
For Sale
$1,350,000
COMMERCIAL - Taylor, MI
Property Size11,140 SF
Lot Size0.39 Acres
Price / SF$121.18
Days on Market251
Property Features for 23944 Eureka Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2
- Standard status
- Active
- APN
- 60-070-01-0134-300
- Size
- 11,140 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 28B134 TO 139A LOTS 134 TO 139 INCL EXC THE S 25 FT OF LOTS 138 AND 139 ALSO S 1/2 ADJ VAC ALLEY PATERSONS TELREKA SU
- Tax Annual Amount
- 17540
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2009
- Number of units
- 21
- Building materials
- Brick
Listing Agency:
Vantage Realty Group, LLC
(734) 287-6619
Listed By:
Teressa Mann
(734) 991-3482
Added: Nov 17, 2025
Changed: Jul 25
Last Checked: Jul 26 at 8:06PM
MLS# 25058655
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-use, two-story building offers a combination of office and retail space designed for flexibility. The first floor includes seven office suites plus a conference area, while the second floor features a large retail area along with three additional suites. Both floors are equipped with restrooms and kitchens. The office spaces and retail areas have recently been updated, and the property is described as available for sale or lease with options for build-to-suit.
The property is located at 23944 Eureka Road in Taylor, MI 48180, and the remarks describe the site as benefiting from visibility on and around Eureka and Telegraph.
With office suites and retail space on separate floors, the layout supports a range of configurations within the existing two-story framework while maintaining the shared convenience of in-suite facilities across both levels.
The property is located at 23944 Eureka Road in Taylor, MI 48180, and the remarks describe the site as benefiting from visibility on and around Eureka and Telegraph.
With office suites and retail space on separate floors, the layout supports a range of configurations within the existing two-story framework while maintaining the shared convenience of in-suite facilities across both levels.
Key Highlights
- Brick office and retail building built in 2009
- Seven office suites plus conference area on the first floor, with large retail space and three suites on the second floor
- Both floors include restrooms and kitchens
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.4k | $14.40 |
| − Vacancy | −$9.6k | −$0.86 |
| EGI | $150.8k | $13.54 |
| − OpEx | −$45.2k | −$4.06 |
| NOI | $105.6k | $9.48 |
11,140 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,554 @ 7.0% cap · market cap 7.82%
Second Best
Office B
$547.8K
$479.4K – $639.2K
NOI $38,349 @ 7.0% cap · market cap 2.84%
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.41M
NOI $144,374 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
GPM Property Management ...
Property Management Company
Cortina Notary Services
Law Firm
FAQs
What type of property is this?
Retail space - Two-story building with retail space and multiple office suites, with restrooms and kitchens on both floors.
Where is this retail space located?
The property is located at 23944 Eureka Road Taylor, MI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Brick office and retail building built in 2009; Seven office suites plus conference area on the first floor, with large retail space and three suites on the second floor; Both floors include restrooms and kitchens
