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    FOR SALE
    Theaters & concert halls

    22265 Eureka Rd, Taylor, MI 48180

    49,043 SF 7.17 ac lot Built 1989
    Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0545365
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.33M
    Blend (final) Blend
    $1.33M
    Owner & transaction history
    Burlington Square Theater LLC · 9 yrs held
    Burlington Square Theater LLC
    since 2017
    7 recorded transactions
    2022
    2017
    2017
    2015
    $5.1M
    2010
    $50,000
    2010
    2005
    Zoning & alternative use
    B-2 · Taylor, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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