Medical Office with Exam
For Sale
$624,900
24825 Eureka Road, Taylor, MI 48180
Commercial Sale, Taylor, MI
Property Size2,684 SF
Lot Size0.31 Acres
Price / SF$232.82
Days on Market139
Property Features for 24825 Eureka Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
B-3
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 3, Bathroom 1, Bathroom 2
Elementary school district
Taylor
Middle school district
Taylor
High school district
Taylor
Standard status
Active
APN
60-085-02-0011-000
Size
2,684 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
32B11 TO 15 LOTS 11 TO 15 INCL ALSO N 1/2 ADJ VAC ALLEY PATERSONS HOME TRACTS SUB T3S R10E L52 P11 WCR
Tax Annual Amount
9155
Legal Description
32B11 TO 15 LOTS 11 TO 15 INCL ALSO N 1/2 ADJ VAC ALLEY PATERSONS HOME TRACTS SUB T3S R10E L52 P11 WCR
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
fireplace
separate entrance
alarm systems
Building Details
Year built
1979
Floors in Building
2
Number of units
2
Building materials
Brick
Listing Agency:
Vantage Realty Group, LLC
(734) 287-6619
Listed By:
Teressa Mann
(734) 991-3482
Added: Jun 4
Changed: Oct 8
Last Checked: Oct 20 at 11:06AM
MLS# 26027126
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,684-square-foot medical office occupies a brick building constructed in 1979 on a 0.31-acre parcel. The main level includes an executive office with a fireplace and private restroom, along with exam rooms equipped with sinks and storage. The lower level adds three private office or examination rooms, another restroom, and its own entrance. Two furnaces provide heating, and the property also has central air conditioning, two alarm systems, a sump pump, and warrantied foundation work.
The property is on Eureka Road in Taylor, with access to I-75, I-94, and I-275. Cable service is available.
The property is on Eureka Road in Taylor, with access to I-75, I-94, and I-275. Cable service is available.
Key Highlights
- 2,684‑square‑foot building on a 0.31‑acre parcel
- Three private office or exam rooms on the lower level, with a separate entrance
- Main‑level exam rooms have sinks and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,264
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,280
$565.3K
Cap Rate 7%
$403,771
$403.8K
Cap Rate 9%
$314,044
$314.0K
Market Conditions
NOI Build-Up for 2,684 SF
Gross rent
$53.8K $20.04/SF
− Vacancy
−$6.7K −$2.49/SF
EGI
$47.1K $17.55/SF
− OpEx
−$18.8K −$7.02/SF
NOI
$28.3K $10.53/SF
Area
Wayne County, MI
Vacancy
12.42%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,280
Cap Rate 7%
$403,771
Cap Rate 9%
$314,044
Alternative Uses
Best Use
Healthcare Medical
$403.8K
$353.3K – $471.1K
NOI $28,264 @ 7.0% cap · market cap 4.52%
Second Best
Office B
$132.0K
$115.5K – $154.0K
NOI $9,240 @ 7.0% cap · market cap 1.48%
Theoretical Best
Specialty Retail
$496.9K
$434.8K – $579.8K
NOI $34,785 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A separate lower-level entrance serves three additional private office or examination rooms.
Where is this medical office space located?
The property is located at 24825 Eureka Road Taylor, MI.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: 2,684‑square‑foot building on a 0.31‑acre parcel; Three private office or exam rooms on the lower level, with a separate entrance; Main‑level exam rooms have sinks and storage
