Taylor Commercial Building For
For Sale
$199,900
21090 Goddard Rd, Taylor, MI 48180
Commercial building in Taylor, MI, suitable for brewery or restaurant.
Property Size1,559 SF
Lot Size0.52 Acres
Price / SF$128.22
Days on Market211
Property Features for 21090 Goddard Rd
General Information
Standard status
Active
Size
1,559 SF
Lot size
0.52 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,619
Building Details
Building Size
1,559 SF
Year Built
1941
Listing Agency:
KW Professionals
Listed By:
Sean Konja · License #6501408625
(248) 762-9186
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 25 at 9:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Professionals
Investment Insights
Based on property information with market context.
Located at 21090 Goddard Road in Taylor, this property features a 1559-square-foot building with 114 feet of road frontage on Goddard Road. Previously used as a brewery and restaurant, the building is primed for customization, though it requires some renovation. The roof is approximately 10 years old. Ample parking is available on both sides of the building. The property is sold 'as is'. An adjacent ranch house with 3 bedrooms and 2.1 bathrooms is also available for purchase, offering potential for expanded usage.
Key Highlights
- 1559 sqft building primed for customization, previously used as a brewery/restaurant.
- Boasts 114 feet of road frontage on Goddard Road in Taylor.
- Ample parking on both sides of the building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,071
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,420
$161.4K
Cap Rate 7%
$115,300
$115.3K
Cap Rate 9%
$89,678
$89.7K
Market Conditions
NOI Build-Up for 1,559 SF
Gross rent
$12.0K $7.68/SF
− Vacancy
−$443 −$0.28/SF
EGI
$11.5K $7.40/SF
− OpEx
−$3.5K −$2.22/SF
NOI
$8.1K $5.18/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,420
Cap Rate 7%
$115,300
Cap Rate 9%
$89,678
Alternative Uses
Best Use
Specialty Retail
$288.6K
$252.6K – $336.8K
NOI $20,205 @ 7.0% cap · market cap 10.11%
Second Best
Industrial
$115.3K
$100.9K – $134.5K
NOI $8,071 @ 7.0% cap · market cap 4.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
Demographics for 48180, MI
63,409
Population
26,741
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
23.6 sq mi
ZIP Area
2,687
Density / Sq Mi
$59,537
Median Household Income
$40,090
Median Earnings
$1,036
Median Rent
$141,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Brewery - Commercial building in Taylor, MI, suitable for brewery or restaurant.
Where is this brewery located?
The property is located at 21090 Goddard Rd Taylor, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1559 sqft building primed for customization, previously used as a brewery/restaurant.; Boasts 114 feet of road frontage on Goddard Road in Taylor.; Ample parking on both sides of the building.
