Property profile

8720 Pelham Rd Taylor, MI 48180

OFF-MARKET
Individual retail properties
Property ID
US43-0404206
1,200 SF 0.09 ac lot Built 1958
Individually Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 1,200 square-foot commercial building in Taylor, Michigan, presents a fantastic opportunity for a variety of businesses. Located at 8720 Pelham Rd, 48180, in Wayne County, this single-tenant property sits on a 0.09-acre lot and is zoned B-1 local. The building offers a versatile space suitable for traditional office, coworking, medical office, creative office, or executive office uses, as well as retail or restaurant purposes. The property benefits from a newer roof, ensuring long-term durability and reduced maintenance costs. Its strategic location ensures high visibility and foot traffic, enhanced by its proximity to Allen Park High School and a nearby park, creating a steady stream of potential customers. Conveniently situated near Saveland Supermarket, a gas station, other businesses, and residential areas, this location provides a built-in customer base. A pre-existing pickup window adds further convenience for customer service. The property's current use is as a bouncy house entertainment business, and the business and its inventory are also available for purchase separately. This property offers a unique blend of location, functionality, and potential, making it an ideal investment for a discerning buyer. Further details are available upon request.

Property profile

Verified
Property type Individual retail properties
Use group BARBER, HAIR SALON
Year built 1958
Total area 1,200 SF
Lot 0.09 ac (3,920 SF)
Zoning code B-1
APN 60 032 01 0006 002
UPID US43-0404206

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
  • Rental Equipment Company Party Supply Store
  • Community Center

Location

8720 Pelham Rd Taylor, MI 48180-3834
Taylor metro Census 583500 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
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Comparable Approach Comparable
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Blend (final) Blend
$130k

Owner & transaction history

since 2023
Last sale
$147,000
7 recorded transactions
2023
$125,000
2020
$45,000
2019
Price N/A
2018
Price N/A
2018
$3,531
2007
Price N/A
1969
Price N/A

Zoning & alternative use

B-1 · Taylor, MI
Zoning description

District is intended to meet the day-to-day convenience shopping and service needs of persons residing in adjacent residential areas

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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