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    23400 Michigan Ave Dearborn, MI 48124

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    For Lease
    $15 SF/Yr ($1,406 /Mo)

    Prominent office building with on-site management and ample parking.

    Property size:
    1,125 SF
    Lot size:
    8.71 Acres

    Property Features for 23400 Michigan Ave

    General Information

    Size
    1,125 SF
    Lot size
    8.71 Acres

    Source: Thomas A. Duke Company Agent Frank Rakipi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dearborn Office Building for Lease

    Village Plaza is a twelve-story office building with 285,468 square feet. The full-service building features on-site management, structured parking, and 24/7 building access. Located at the northwest corner of Michigan Avenue and Outer Drive in Dearborn, Michigan, the property is situated at one of west Dearborn’s most traveled intersections. The location offers proximity to the University of Michigan-Dearborn, Oakwood Hospital, and Ford Motor Company World Headquarters, and is twelve minutes from Detroit Metropolitan Airport. The property has 1,800 surface and structured parking spaces and easy freeway access. Tenants include FedEx Office, H&R Block, and U1 Cafe. Available spaces start at 1,125 square feet. The asking lease rate is $15 per square foot.
    Insight Report Location Intelligence

    Current Use by Public Records

    Veldas Silver Thimble Window Treatment Store Rao Jehangir N ... Internist Fryzel Kelly M Psychologist Oakwood Healthcare Health Consultant American Red Cross ... Volunteer Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2649475
    Latitude
    42.3030245

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    FAQs

    What type of property is this?
    Office building - Prominent office building with on-site management and ample parking.
    Where is this office building located?
    The property is located at 23400 Michigan Ave Dearborn, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Full-service office building with on-site management.; - Ample parking with 1,800 surface and structure spaces.; - Convenient location near major institutions including University of Michigan-Dearborn, Oakwood Hospital, and Ford Motor Company World Headquarters.
    (313) 478-5400
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    Dearborn, MI 48124
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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
    23400 Michigan Ave Dearborn, MI 48124
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