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    OFF-MARKET
    Lifestyle centers

    22263-22299 Eureka Rd, Taylor, MI 48180

    185,635 SF Built 1988
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Lifestyle centers
    Year built 1988
    Total area 185,635 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
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