Medical Office with Separate
24825 Eureka Road Taylor, MI 48180
For Sale
$650,000
COMMERCIAL - Taylor, MI
Property Size5,368 SF
Lot Size0.31 Acres
Price / SF$121.09
Days on Market54
Property Features for 24825 Eureka Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 3, Bathroom 2
- Standard status
- Active
- APN
- 60-085-02-0011-000
- Size
- 5,368 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 32B11 TO 15 LOTS 11 TO 15 INCL ALSO N 1/2 ADJ VAC ALLEY PATERSONS HOME TRACTS SUB T3S R10E L52 P11 WCR
- Tax Annual Amount
- 9155
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1979
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick
Listing Agency:
Vantage Realty Group, LLC
(734) 287-6619
Listed By:
Teressa Mann
(734) 991-3482
Added: Jun 4
Changed: Jul 25
Last Checked: Jul 26 at 11:06PM
MLS# 26027126
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 medical office property is configured with multiple private office and exam room areas and includes patient-service features such as sinks and storage in each exam room. The main level offers a spacious executive office with a cozy fireplace and a private restroom. The lower level adds three additional private office or exam rooms, an additional restroom, and a separate entrance.
The building is designed for year-round comfort with two separate furnaces and includes two separate alarm systems. Additional site and building components referenced in the remarks include a sump pump and warrantied foundation work, along with plenty of parking. The property is located on Eureka Road in Taylor, Michigan, with access to major routes including 75, 94, and 275.
With its split-level layout and independent access via the separate entrance, the space is well suited for multiple practitioner or service setups within a single facility.
The building is designed for year-round comfort with two separate furnaces and includes two separate alarm systems. Additional site and building components referenced in the remarks include a sump pump and warrantied foundation work, along with plenty of parking. The property is located on Eureka Road in Taylor, Michigan, with access to major routes including 75, 94, and 275.
With its split-level layout and independent access via the separate entrance, the space is well suited for multiple practitioner or service setups within a single facility.
Key Highlights
- Brick commercial building built in 1979 with forced‑air heating and central air conditioning
- Multiple private offices/exam rooms plus restrooms on both main and lower levels
- Each exam room includes a sink and storage
Financial Insights For Healthcare Medical
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 | $107.6k | $20.04 |
| − Vacancy | −$13.4k | −$2.49 |
| EGI | $94.2k | $17.55 |
| − OpEx | −$37.7k | −$7.02 |
| NOI | $56.5k | $10.53 |
5,368 SF · lease $20.04/SF/yr · vacancy 12.42% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$807.5K
$706.6K – $942.1K
NOI $56,528 @ 7.0% cap · market cap 8.70%
Second Best
Office B
$264.0K
$231.0K – $308.0K
NOI $18,479 @ 7.0% cap · market cap 2.84%
Theoretical Best
Specialty Retail
$993.8K
$869.6K – $1.16M
NOI $69,569 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Jane P. ...
Pediatrician
ENH Skin Care ...
Medical Clinic
FAQs
What type of property is this?
Medical Office Space - Main level office with fireplace and private restroom, plus exam rooms; lower level adds private offices/exam rooms and a separate entrance.
Where is this medical office space located?
The property is located at 24825 Eureka Road Taylor, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Brick commercial building built in 1979 with forced‑air heating and central air conditioning; Multiple private offices/exam rooms plus restrooms on both main and lower levels; Each exam room includes a sink and storage
