Mixed-Use Office and Retail
For Sale
$1,250,000
23944 Eureka Road, Taylor, MI 48180
Two levels combine office suites, conference space, and a substantial retail area, with kitchens and restrooms on both floors.
Property Size11,140 SF
Price / SF$112.21
Days on Market346
Property Features for 23944 Eureka Road
General Information
Standard status
Active
Size
11,140 SF
Property subtype
Commercial
Additional Details
Mixed-Use Components
office, retail
Office Units
7
Property Use
Office and Retail
Taxes and HOA fees
Annual Taxes
$17,540
Amenities
conference area
restrooms
kitchens
Building Details
Building Size
11,140 SF
Year Built
2009
Stories
2
Tenancy
Multi
Listing Agency:
Vantage Realty Group, LLC
Listed By:
Teressa Mann · License #6502433189
(734) 991-3482
Source:
Desertdouglas
Added: Nov 17, 2025
Changed: Oct 27
Last Checked: Oct 27 at 3:20AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 11,140-square-foot mixed-use building, constructed in 2009, has office and retail space across two floors. The first floor contains seven office suites and a conference area; the second floor includes a large retail area and three more suites. Kitchens and restrooms are present on each level. Recent updates to the office and retail spaces are noted, and build-to-suit is also an option.
The property is at 23944 Eureka Road in Taylor, Michigan, at the Eureka Road and Telegraph intersection. The location is described as having daily pedestrian and vehicle traffic. The building is offered for sale or lease.
The property is at 23944 Eureka Road in Taylor, Michigan, at the Eureka Road and Telegraph intersection. The location is described as having daily pedestrian and vehicle traffic. The building is offered for sale or lease.
Key Highlights
- 11,140‑square‑foot mixed‑use property
- Seven first‑floor office suites and a conference area
- Second floor includes a retail area and three additional suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,554
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,111,080
$2.1M
Cap Rate 7%
$1,507,914
$1.5M
Cap Rate 9%
$1,172,822
$1.2M
Market Conditions
NOI Build-Up for 11,140 SF
Gross rent
$160.4K $14.40/SF
− Vacancy
−$9.6K −$0.86/SF
EGI
$150.8K $13.54/SF
− OpEx
−$45.2K −$4.06/SF
NOI
$105.6K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,111,080
Cap Rate 7%
$1,507,914
Cap Rate 9%
$1,172,822
Alternative Uses
Best Use
Mixed Use
$1.89M
$1.65M – $2.21M
NOI $132,343 @ 7.0% cap · market cap 10.59%
Second Best
Retail
$1.51M
$1.32M – $1.76M
NOI $105,554 @ 7.0% cap · market cap 8.44%
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.41M
NOI $144,374 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
7
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
346
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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two levels combine office suites, conference space, and a substantial retail area, with kitchens and restrooms on both floors.
Where is this mixed-use property located?
The property is located at 23944 Eureka Road Taylor, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 11,140‑square‑foot mixed‑use property; Seven first‑floor office suites and a conference area; Second floor includes a retail area and three additional suites
