Entity Owned Property summary
This exceptional investment opportunity presents a 12,556-square-foot, single-story office building located at 20332 Eureka Road in Taylor, Michigan, 48180. The property, built in 1994, is classified as a Class B building and features a desirable multi-tenant occupancy of five businesses, currently operating at 100% capacity. The building boasts a strong net operating income (NOI) of $195,250, yielding a compelling 9% capitalization rate. Priced at $2,170,000 ($139.38 per square foot), this is an owner/user investment opportunity with a NNN lease type. The property is zoned B-2, Regional Business District, and offers convenient access to I-75, placing it in a high-traffic area with approximately 23,765 vehicles passing daily. The building features both front and rear private entrances, ample parking, and a lower level with elevator access. Current tenants include a diverse mix of established businesses, including medical and professional services. The location is strategically situated near Southland Mall, surrounded by residential areas and major retail stores, making it an attractive location for both tenants and investors. The property's strong occupancy, high NOI, and prime location in the thriving Downriver submarket of Southern Wayne County make it a highly desirable investment. Within a five-mile radius, the population exceeds 220,540 residents. This is a rare opportunity to acquire a stable, high-performing commercial property in a sought-after location.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
District is intended to serve a larger population than is serviced by a B-1 district and the district is general characterized by an integrated or planned cluster of establishments serviced by a common parking area and g…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Taylor, MIDistrict is intended to serve a larger population than is serviced by a B-1 district and the district is general characterized by an integrated or planned cluster of establishments serviced by a common parking area and g…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
District is intended to serve a larger population than is serviced by a B-1 district and the district is general characterized by an integrated or planned cluster of establishments serviced by a common parking area and g…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-2 in Taylor, MI.
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