Office and Retail
23944 Eureka Road Taylor, MI 48180
For Sale
Contact for pricing
Two-story building with first-floor office suites and retail space plus additional suites on the second floor.
Property Size11,140 SF
Price / SF$121.18
Days on Market497
Property Features for 23944 Eureka Road
General Information
- Standard status
- Active
- Size
- 11,140 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2009
Listing Agency:
Vantage Realty Group, LLC
(734) 991-3482
Listed By:
Teressa Mann
Source:
Crexi
Added: Mar 14, 2025
Changed: Jul 23
Last Checked: Jul 23 at 10:28AM
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 Vantage Realty Group, LLC
Investment Insights
Based on property information with market context.
This two-story office and retail building offers flexible space for business use. The first floor includes seven office suites along with a conference area, and features restrooms and kitchens. The second floor includes a large retail area plus three additional suites, with restrooms and kitchens on both levels. The office and retail areas are described as having been recently updated.
The property is located at 23944 Eureka Road in Taylor, Michigan. The offering is positioned for visibility and versatility, with the surrounding area described as having heavy daily foot and vehicle traffic.
With multiple suites and conference space on the first floor and additional suites on the second floor, the layout supports a range of office and retail configurations within a single building.
The property is located at 23944 Eureka Road in Taylor, Michigan. The offering is positioned for visibility and versatility, with the surrounding area described as having heavy daily foot and vehicle traffic.
With multiple suites and conference space on the first floor and additional suites on the second floor, the layout supports a range of office and retail configurations within a single building.
Key Highlights
- Two‑story office and retail building built in 2009
- First floor features seven office suites plus a conference area and retail space
- Second floor includes a large retail area and three additional office suites
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.4k | $14.40 |
| − Vacancy | −$9.6k | −$0.86 |
| EGI | $150.8k | $13.54 |
| − OpEx | −$45.2k | −$4.06 |
| NOI | $105.6k | $9.48 |
11,140 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,554 @ 7.0% cap · market cap 7.82%
Second Best
Office B
$547.8K
$479.4K – $639.2K
NOI $38,349 @ 7.0% cap · market cap 2.84%
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.41M
NOI $144,374 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
GPM Property Management ...
Property Management Company
Cortina Notary Services
Law Firm
FAQs
What type of property is this?
Retail space - Two-story building with first-floor office suites and retail space plus additional suites on the second floor.
Where is this retail space located?
The property is located at 23944 Eureka Road Taylor, MI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑story office and retail building built in 2009; First floor features seven office suites plus a conference area and retail space; Second floor includes a large retail area and three additional office suites
