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    1841 Monroe St Dearborn, MI 48124

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    For Sale
    $889,000

    Corner lot with development opportunities near Ford's new headquarters.

    Lot size:
    0.25 Acres

    Property Features for 1841 Monroe St

    General Information

    Lot size
    0.25 Acres

    Building Details

    Year built
    1936

    Source: Century 21 Curran & Oberski Agent Marc Kostelnik

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

    Overview

    Prime Corner Lot in Dearborn

    Located in West Dearborn on Monroe Street, this corner lot at Monroe and Tenny Streets offers development opportunities. The site, approximately 100' x 110', totals about 1/4 acre and features parking. The existing structure is an approximately 1400 square foot one-story building. The property is suitable for a variety of uses. The area is anticipated to experience growth due to its proximity to Ford Motor Company's new billion-dollar world headquarters. The City of Dearborn is open to practical ideas and use possibilities to enhance these combined-use neighborhoods. This location offers the opportunity to establish a brand and presence in a dynamic area.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2440009
    Latitude
    42.2992952

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    FAQs

    What type of property is this?
    Commercial land - Corner lot with development opportunities near Ford's new headquarters.
    Where is this commercial land located?
    The property is located at 1841 Monroe St Dearborn, MI.
    What is the asking price?
    The asking price for this property is $889,000.
    What are key features of this property?
    This property features: - Prime corner location on Monroe St. in West Dearborn.; - Development opportunities: redevelop, repurpose, remodel, or expand.; - Walking distance to Ford Motor Company's new billion-dollar world headquarters.
    (313) 274-1700
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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
    1841 Monroe St Dearborn, MI 48124
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