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    15241 Michigan Ave Ave Dearborn, MI 48126

    Sponsored
    For Sale
    $3,695,000

    Real Estate Only - Dearborn, MI

    Property size:
    14,025 SF
    Lot size:
    0.45 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 15241 Michigan Ave Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    32821018316052
    Size
    14,025 SF
    Lot size
    0.45 Acres

    Building Details

    Year built
    1955
    Year renovated
    2023
    Building materials
    Block, Stucco
    Architectural style
    Other

    Empire Realty Group Inc. (313) 846-0960 [email protected]

    Listing agent Abraham Elsheick (313) 846-0960

    Listing date Jan 1, 2026

    MLS# 20251043637 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dearborn Commercial Property For Sale

    This commercial property is located in a sought-after high-traffic business district in Dearborn, positioned just east of the southeast corner of Michigan Avenue and Greenfield Road. The property benefits from visibility and access in a densely populated, heavily traveled area surrounded by retail, office, and service businesses. It is situated near the Southfield Freeway (M-39) and I-94. The surrounding area is a multicultural community experiencing residential and commercial growth. Zoned BB – General Business District in the City of Dearborn, the property allows for a variety of commercial uses. It is in excellent condition and features a recently installed fire suppression system. Ample on-site parking is available. The property is located in a high-demand retail and office corridor, surrounded by established businesses, and benefits from foot and vehicle traffic. The property size is 14025 square feet, situated on a lot of 0.45 acres.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Lamas Florist

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1861
    Latitude
    42.3298

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    FAQs

    What type of property is this?
    Storefront property - Centrally located commercial property in high-traffic Dearborn business district.
    Where is this storefront property located?
    The property is located at 15241 Michigan Ave Ave Dearborn, MI.
    What is the asking price?
    The asking price for this property is $3,695,000.
    What are key features of this property?
    This property features: - Prime location in a high-traffic business district with exceptional visibility and access.; - Strategically positioned near Michigan Avenue, Greenfield Road, Southfield Freeway (M-39), and I-94.; - Zoned BB – General Business District, allowing for a wide variety of commercial uses.
    (313) 846-0960
    Request Owner's contact information
    15241 Michigan Ave Ave Dearborn, MI 48126
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    Dearborn, MI 48126
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15241 Michigan Ave Ave Dearborn, MI 48126
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