Professional Office
For Sale
$4,990,000
20600 Eureka Rd, Taylor, MI 48180
Multi-parcel business center with available office suites and electronic signage, just off I-75 at Eureka Road.
Property Size104,611 SF
Days on Market252
Property Features for 20600 Eureka Rd
General Information
Standard status
Active
Size
104,611 SF
Class
B
Property subtype
Multi Tenant Office
Building Details
Building Size
104,611 SF
Listing Agency:
Farbman Group
Listed By:
John Hardwood
(734) 250-7434
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 25
Last Checked: Oct 28 at 4:36AM
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 Farbman Group
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Investment Insights
Based on property information with market context.
Horizon Business Center West is a prominent downriver professional office property offered for sale, comprised of multiple parcels. The center features electronic signage and provides suite-level space with a conference area available. Daily janitorial service is also listed, with various office suites ranging from 600 to 5,000 square feet.
The property is located directly off the I-75 exit at Eureka Road and is described as visible for miles in all directions. It is just minutes from downtown Detroit and Metro Airport. Nearby dining and shopping are noted, including Outback Steakhouse, Twin Peaks, Panera Bread, Qdoba, Southland Center, Walmart, T.J. Maxx, The Home Depot, and Target.
The property is located directly off the I-75 exit at Eureka Road and is described as visible for miles in all directions. It is just minutes from downtown Detroit and Metro Airport. Nearby dining and shopping are noted, including Outback Steakhouse, Twin Peaks, Panera Bread, Qdoba, Southland Center, Walmart, T.J. Maxx, The Home Depot, and Target.
Key Highlights
- Horizon Business Center West for sale at I‑75 and Eureka Rd, just off the I‑75 exit
- Electronic signage available
- Available office suites range from 600 to 5,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$360,123
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,202,460
$7.2M
Cap Rate 7%
$5,144,614
$5.1M
Cap Rate 9%
$4,001,367
$4.0M
Market Conditions
NOI Build-Up for 104,611 SF
Gross rent
$627.7K $6.00/SF
− Vacancy
−$147.5K −$1.41/SF
EGI
$480.2K $4.59/SF
− OpEx
−$120.0K −$1.15/SF
NOI
$360.1K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,202,460
Cap Rate 7%
$5,144,614
Cap Rate 9%
$4,001,367
Alternative Uses
Best Use
Office B
$5.14M
$4.50M – $6.00M
NOI $360,123 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.37M
$16.95M – $22.60M
NOI $1,355,759 @ 7.0% cap · market cap 27.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Multi-parcel business center with available office suites and electronic signage, just off I-75 at Eureka Road.
Where is this office building located?
The property is located at 20600 Eureka Rd Taylor, MI.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: Horizon Business Center West for sale at I‑75 and Eureka Rd, just off the I‑75 exit; Electronic signage available; Available office suites range from 600 to 5,000 SF
