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    20030 Ecorse Rd Taylor, MI 48180

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    For Sale
    $2,200,000

    Walgreens property with long-term lease and prime location.

    Property size:
    14,490 SF
    Lot size:
    1.20 Acres

    Property Features for 20030 Ecorse Rd

    General Information

    Size
    14,490 SF
    Lot size
    1.20 Acres

    Source: Encore Real Estate Investment Services Agent Brandon Hanna

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Taylor, MI Walgreens Investment Opportunity

    This property is a 14,490-square-foot all-brick building constructed in 2001, situated on a 1.62-acre corner lot. It is currently occupied by Walgreens, with over 20 years at this location and a recent 10-year lease extension, leaving 8 years remaining in the term. The tenant has a strong credit rating of S&P BBB. The location features a drive-thru and ample parking. The property is located at the signalized intersection of Ecorse Road and Pelham Road, which sees traffic counts of over 24,000 vehicles per day on each road. The surrounding area includes national retailers such as Advance Auto Parts, Burger King, Dollar Tree, Kroger, McDonald's, Taco Bell, and Wendy's. There are five 5-year options available with a one-time 24% increase in the options. The property is located in Taylor, Michigan.
    Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor COVID-19 Drive-Thru Testing ... Medical Laboratory Walgreens Drug Store Walgreens Pharmacy Pharmacy FedEx OnSite Mailing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Walgreens Pharmacy, GNC, Mukesh Vir, Nanette Sabell, CBD Health Crew

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.231666
    Latitude
    42.257374

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    FAQs

    What type of property is this?
    Drug store - Walgreens property with long-term lease and prime location.
    Where is this drug store located?
    The property is located at 20030 Ecorse Rd Taylor, MI.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Lowest rent Walgreens available in Wayne County Michigan at $9.45 Rent PSF.; - **True Fundamental Covered Land Play - 1.62 Acre Main on Main Corner.**; - Recent 10-year lease extension with 8 years remaining in term.
    (248) 702-0280
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    20030 Ecorse Rd Taylor, MI 48180
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    Taylor, MI 48180
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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
    20030 Ecorse Rd Taylor, MI 48180
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