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    5824 Chase Rd Dearborn, MI 48126

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    For Sale
    $599,000

    Updated property with frontage and secured, gated parking lot.

    Lot size:
    0.28 Acres

    Property Features for 5824 Chase Rd

    General Information

    Lot size
    0.28 Acres

    Building Details

    Year built
    1929

    Source: RE/MAX Team 2000 Agent Yousef Beydoun

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

    Overview

    Dearborn Property with Ample Parking

    This Dearborn property presents a purchase opportunity with several updates, including a newer roof, parking lot, and interior improvements. It features 120 feet of frontage and ample on-site parking. The lot is secured and gated, with 2 car ports. The property offers multiple use possibilities, suitable for an end user or investor.
    Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Similar Places Nearby

    Enterprise Rent-A-Car, Priceless, U-Haul Neighborhood Dealer, TMF Detroit Slingshot Rentals

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.185956
    Latitude
    42.331569

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    FAQs

    What type of property is this?
    Parking lot & garage - Updated property with frontage and secured, gated parking lot.
    Where is this parking lot & garage located?
    The property is located at 5824 Chase Rd Dearborn, MI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Rare Dearborn Purchase Opportunity; - 120 feet of Frontage with ample onsite parking; - Newer roof and interior improvements
    (313) 561-0900
    Request Owner's contact information
    5824 Chase Rd 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
    5824 Chase Rd Dearborn, MI 48126
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