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23589-23593 Van Born Rd 6,500 SF 100% Leased Retail Building Taylor, MI 48180 $966,471 CAD ($148.69 CAD/SF) 6.22% Cap Rate
Executive Summary
Rare mixed-use investment opportunity at the prominent corner of Van Born and Telegraph! This versatile property combines two commercial storefronts with two leased residential apartments, creating multiple income streams and plenty of flexibility for an investor or owner-user. The commercial level features two distinct spaces, each with its own character and established use. The hair salon offers a welcoming lobby, private restroom, and multiple individual suites, making the layout ideal for a salon, wellness business, professional services, or similar use. The second commercial space is currently being used as a photography studio, offering a large open area and its own private bathroom. Both storefronts provide excellent flexibility for continued use by the existing businesses or future ventures. Additionally, two residential apartments, with almost 1500 square feet apiece, provide additional income, each offering a spacious and open floor plan, 3-bedroom, 1-bath layout. Both units are currently leased, adding established residential income to the property's commercial potential. The sale also includes the neighboring garage and parking lot, providing valuable additional space for parking, storage, business operations, or future possibilities. With its highly visible corner location at Van Born and Telegraph, diverse tenant mix, and combination of commercial and residential spaces, this property offers an uncommon opportunity to build income from multiple uses within one property. Profit/expense sheet and recent improvements in attachments. Schedule your showing today!
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
C
Year Built
1953
Price
$966,471 CAD
Price Per SF
$148.69 CAD
Cap Rate
6.22%
NOI
$60,095 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.49
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
residential commercial - Mixed use residential Storefront and Residential
Parking
20 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $224,115 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$224,115 CAD
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23589-23593 Van Born Rd
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