Property summary
This prime, multi-tenant shopping center in Taylor, Michigan presents a compelling value-add opportunity. The 185,635 square foot Class C property, built in 1988, features seven single-story buildings and ample parking (1,287 spaces). Currently boasting a 46.34% occupancy rate, with a projected full occupancy date of January 1, 2025, the center offers significant potential for increased revenue through lease-up. Anchored by Burlington Coat Factory, the property comprises six total tenants operating under net lease agreements. Strategically located on Eureka Road between I-75 and US-24, it benefits from high visibility, strong traffic counts, and proximity to dense residential areas and other major retailers, including Southland Mall, Meijer, and a soon-to-open Chick-fil-A. Its location less than 15 minutes from Detroit Metropolitan Airport further enhances its appeal. The property's current below-replacement cost makes it an attractive investment for those seeking to capitalize on a strong retail market and a significant lease-up opportunity. This is a rare chance to acquire a large, cash-flowing asset in a prime location with long-term historical tenancy.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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