For Sale
$2,170,000

20332 Eureka Rd Taylor, MI 48180

12,556 SF, 100% occupied, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 12,556-square-foot, single-story office building located at 20332 Eureka Road in Taylor, Michigan, 48180. The property, built in 1994, is classified as a Class B building and features a desirable multi-tenant occupancy of five businesses, currently operating at 100% capacity. The building boasts a strong net operating income (NOI) of $195,250, yielding a compelling 9% capitalization rate. Priced at $2,170,000 ($139.38 per square foot), this is an owner/user investment opportunity with a NNN lease type. The property is zoned B-2, Regional Business District, and offers convenient access to I-75, placing it in a high-traffic area with approximately 23,765 vehicles passing daily. The building features both front and rear private entrances, ample parking, and a lower level with elevator access. Current tenants include a diverse mix of established businesses, including medical and professional services. The location is strategically situated near Southland Mall, surrounded by residential areas and major retail stores, making it an attractive location for both tenants and investors. The property's strong occupancy, high NOI, and prime location in the thriving Downriver submarket of Southern Wayne County make it a highly desirable investment. Within a five-mile radius, the population exceeds 220,540 residents. This is a rare opportunity to acquire a stable, high-performing commercial property in a sought-after location.

Highlights

  • Multi-Tenant Office Building (MOB) Investment Opportunity.
  • 100% Occupancy with long-term tenants.
  • 9% capitalization rate.
  • Front and rear private entrances.
  • Lower level with elevator access.
  • Monument signage.

Property Details for 20332 Eureka Rd

Property type
Office properties, Medical offices
Square Feet
12,556 SF
Class
B
Year Built
1994
Buildings
1
Stories
1
Units
4

Location Insight

City
Taylor
County
Wayne
State
Michigan
Latitude
42.19907925
Longitude
-83.23268325

FAQs

What type of property is this?
Office property - 12,556 SF, 100% occupied, high ROI.
Where is the office property located?
The property is located at 20332 Eureka Rd Taylor, MI.
What is the asking price?
The asking price for this property is $2,170,000.
What are key features of this property?
This property features: Multi-Tenant Office Building (MOB) Investment Opportunity.; 100% Occupancy with long-term tenants.; 9% capitalization rate.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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20332 Eureka Rd
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