Property profile

22265 Eureka Rd Taylor, MI 48180

FOR SALE
Theaters & concert halls
Property ID
US43-0545365
49,043 SF 7.17 ac lot Built 1989
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 60,000 square foot vacant retail property, located at 22265 Eureka Rd, Taylor, MI 48180, presents a compelling value-add opportunity. Situated on a 7.17-acre lot zoned B-2 (Regional Business District), this former theater enjoys a prime location in Taylor's thriving retail corridor. Eureka Road boasts over 46,000 vehicles daily, ensuring high visibility and accessibility. The property benefits from ample parking and a strategic adjacency to the new 300,000 square foot Taylor Menards. Its proximity to Southland Central Center Mall, the only regional mall south of I-94 in the Detroit suburbs, further enhances its appeal. Less than a quarter-mile from I-75, this location provides seamless access to Detroit's extensive freeway network. The affluent demographic, with over 211,000 people within a 5-mile radius and an average annual income exceeding $75,000, offers a strong consumer base. This property's favorable zoning allows for diverse uses, maximizing its potential for significant return on investment at a low price per square foot. This is a rare chance to acquire a substantial retail space in a high-demand location.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1989
Total area 49,043 SF
Lot 7.17 ac (312,325 SF)
Zoning code B-2
APN 60 089 01 0581 304
UPID US43-0545365

Cap rate & NOI

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

Location

22265 Eureka Rd Taylor, MI 48180
Taylor metro Census 584600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$425k

Owner & transaction history

since 2017
7 recorded transactions
2022
Price N/A
2017
Price N/A
2017
Price N/A
2015
$5.1M
2010
$50,000
2010
Price N/A
2005
Price N/A

Zoning & alternative use

B-2 · Taylor, MI
Zoning description

District is intended to serve a larger population than is serviced by a B-1 district and the district is general characterized by an integrated or planned cluster of establishments serviced by a common parking area and g…

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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