25355 Ecorse RdTaylor, MI 48180

Property Details for 25355 Ecorse Rd

Year built

1972

Lot size

0.99 AC

Property size (Sq ft)

3,764 SF

Zone code

B-1

Property type

Office buildings

APN

60 022 99 0002 005

APU

60022990002005

Description

This exceptional 3,764-square-foot commercial building, situated on a full 1.03 acres of paved land in Taylor, Michigan, presents a compelling investment opportunity. Built in 1972, this single-story structure is ideally suited for a variety of uses, thanks to its C-1 zoning. Permitted uses include retail, medical offices, and financial institutions, offering significant flexibility for potential buyers. The property boasts ample parking, a significant advantage for businesses requiring convenient client or employee access. Its strategic location provides easy access to major transportation arteries and is conveniently situated near the Detroit Metropolitan Wayne County Airport and a Beaumont hospital, ensuring high visibility and accessibility for clientele. The property's address is 25355 Ecorse Road, Taylor, MI 48180, with the APN 60022990002005. This turnkey property offers immediate occupancy and the potential for substantial returns. The asking price is $695,000. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving area. Don't miss out on this chance to secure a prime investment in a high-demand market.

• CAP approach

  CAP return

  Valuation

  6%

  $644,351

  6.5%

  $594,786

  7%

  $552,301

• Comparable approach

  Method

  Valuation

  Relative Method

  $352,085

  Geo Method

  $352,085

• Alternative Use

  Use

  Valuation

  Residential

  $737,535

  Hospitality

  $675,578

  Educational

  $562,073

  Medical

  $581,403

  Retail

  $874,335

Location Insight

City

Taylor

County

Wayne

State

Michigan

Latitude

42.2545

Longitude

-83.284

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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