Property profile

20500 Eureka Rd Taylor, MI 48180

OFF-MARKET
Commercial land
Property ID
US43-3689849
0.3 ac lot
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 41,297 square foot Class C office building, known as Horizon Business Center East, presents a compelling investment opportunity. Located at 20500 Eureka Rd in Taylor, Michigan (48180), this strategically positioned property boasts convenient access to major transportation arteries, including the I-75 and Eureka Rd interchange, I-94, I-275, Telegraph Road, and the Southfield Freeway. Its proximity to Downtown Detroit, Detroit Metro Airport, and the headquarters of Ford and General Motors makes it highly attractive for businesses seeking a central location. Built in 1988, the building benefits from on-site management and maintenance, ensuring efficient operations. The property's location offers significant advantages, including proximity to two brand-new Marriott hotels, numerous restaurants, and Southland Mall (less than one mile away). Ample free parking is available for tenants and visitors. The asking price for this well-maintained office building is $4,000,000. This presents a rare opportunity to acquire a substantial office property in a high-demand area with excellent amenities and accessibility. The property's strong location and features make it an ideal investment for those seeking a stable and potentially high-return asset in the thriving Michigan market.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.3 ac (13,068 SF)
Zoning code O-2
APN 60 068 01 0090 001
UPID US43-3689849

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Real Estate Agency
  • Accounting Firm Tax Preparation
  • Counselor Child Psychologist
  • Law Firm

Location

20500 Eureka Rd Taylor, MI 48180-6332
Taylor metro Census 584501 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2008
$1.9M

Zoning & alternative use

O-2 · Taylor, MI
Zoning description

District is designed and intended to accommodate large office buildings and restricted related retail and service establishments which service large numbers of people

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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