23869 Van Born RdTaylor, MI 48180

Property Details for 23869 Van Born Rd

Year built

1946

Lot size

0.09 AC

Property size (Sq ft)

3,200 SF

Zone code

B-3

Property type

Retail space

APN

60 006 02 0703 000

APU

60006020703000

Description

This versatile 3,200 square foot commercial property located at 23869 Van Born Road in Taylor, Michigan, presents a significant leasing opportunity. Built in 1946, the single-tenant building offers a blend of retail, office, industrial, and warehouse space, suitable for a variety of businesses. The property's zoning is commercial, allowing for diverse uses including traditional office, coworking, manufacturing, and distribution. The space is currently entirely vacant, providing a blank canvas for a new tenant. Key features include convenient access to Telegraph Road and I-94, enhancing visibility and accessibility. The building boasts ample floor space and storage, complemented by a rear alley access for easy loading and unloading. Internal amenities include two bathrooms, a kitchenette, gated windows for enhanced security, a pre-installed security system, and high ceilings. A significant advantage is the availability of a large storage unit two doors down, offering optional additional lease space. The property's location in the 48180 zip code provides access to a robust local market. This is an exceptional opportunity for a business seeking a well-located, adaptable space with numerous features.

• CAP approach

  CAP return

  Valuation

  6%

  $805,268

  6.5%

  $743,324

  7%

  $690,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $754,307

  Geo Method

  $754,307

• Alternative Use

  Use

  Valuation

  Residential

  $627,022

  Hospitality

  $574,349

  Educational

  $477,851

  Medical

  $494,285

  Retail

  $743,324

Location Insight

City

Taylor

County

Wayne

State

Michigan

Latitude

42.2689

Longitude

-83.2688

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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