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Mixed-Use Property with Two Storefronts
For Sale
$650,000

23589 Van Born Rd, Taylor, MI 48180

Corner property combines commercial space with two leased residential units.

Property Size6,642 SF
Days on Market34

Property Features for 23589 Van Born Rd

General Information

Standard status Active
Size 6,642 SF
Property subtype Investment

Site & Location

Corner Location Yes
Road Access Yes

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $7,522

Building Details

Building Size 6,642 SF
Year Built 1953
Units 4
Tenancy Multi
Listing Agency: Keller Williams Realty Novi Market Center
Listed By: Linda L Leporowski · License #6501305996
Source: Elliman
Added: Aug 21 Changed: Sep 20 Last Checked: Sep 22 at 7:11PM

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 Keller Williams Realty Novi Market Center

Investment Insights

Based on property information with market context.

This mixed-use property includes two commercial storefronts and two residential apartments within one 1953-built asset. One commercial suite is configured for a hair salon, with a lobby, private restroom, and multiple individual suites. The second storefront is set up as a photography studio with a large open area and its own bathroom.

Each apartment offers almost 1500 square feet apiece in a three-bedroom, one-bath layout with an open floor plan. Both residential units are currently leased. The property also includes a neighboring garage and parking lot, adding space for parking, storage, or business operations. It occupies the corner of Van Born and Telegraph in Taylor, Michigan, with a 60 walk score and 44 bike score.

Key Highlights

  • Two commercial storefronts plus two residential apartments
  • Each apartment offers almost 1500 square feet apiece with 3 bedrooms and 1 bath
  • Hair salon suite includes a lobby, private restroom, and multiple individual suites

Property Analytics

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Current Use

Pure Joy Hair Salon

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

319
Businesses Nearby
102k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 41% Shops & Services 35% Groceries 23% Home Improvements & Furnishings 1%
Aldi Groceries
23,991 visits/mo 0.4 miles
Wendy's Dining
17,729 visits/mo 0.3 miles
Burger King Dining
13,339 visits/mo 0.3 miles
Citgo Shops & Services
7,643 visits/mo 0.4 miles
Family Dollar Shops & Services
7,014 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Corner property combines commercial space with two leased residential units.
Where is this mixed-use property located?
The property is located at 23589 Van Born Rd 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: Two commercial storefronts plus two residential apartments; Each apartment offers almost 1500 square feet apiece with 3 bedrooms and 1 bath; Hair salon suite includes a lobby, private restroom, and multiple individual suites
More about this property
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