Listing Agency: Stokas Bieri Real Estate Show Phone

Listed By: Alex Bieri · License #6506046740

Source: Moodyscre

Added: Oct 19, 2024 Changed: Aug 8 Last Checked: Aug 8 at 5:02AM

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Investment Insights

Based on property information with market context.

This commercial property, located in Dearborn, Michigan, offers 259,000 square feet of space. The use of the parking fields, sidewalks, and roadways, including the ring road, is a non-exclusive perpetual right.

Key Highlights

• Non‑exclusive perpetual right to use parking fields.
• Non‑exclusive perpetual right to use sidewalks.
• Non‑exclusive perpetual right to use roadways.

Property Analytics

Property Profile

Current Use

Metro by T-Mobile Mobile Phone Store Chauhan Bharat J ... Dental Office Auntie Anne's Bakery Spencer's (Bike/Boat/Book/etc) Store Victoria's Secret & PINK ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

888

Businesses Nearby

147k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Apparel 68% Dining 26% Shops & Services 4% Hotels & Casinos 2%

Macy's Apparel

64,377 visits/mo 0.3 miles

JCPenney Apparel

36,118 visits/mo 0.2 miles

P.F. Chang's Dining

15,984 visits/mo 0.3 miles

Benihana Dining

13,623 visits/mo 0.4 miles

A&W Restaurant Dining

8,277 visits/mo 0.3 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this parking lots & garages located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Parking lot & garage - 259,000 SF commercial property in Dearborn, Michigan.

Where is this parking lot & garage located?

The property is located at 18900 Michigan Ave Dearborn, MI.

What is the asking price?

The asking price for this property is $6,000,000.

What are key features of this property?

This property features: Non‑exclusive perpetual right to use parking fields.; Non‑exclusive perpetual right to use sidewalks.; Non‑exclusive perpetual right to use roadways.