Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3764 Monroe St Dearborn, MI 48124

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $499,900

    Built in 2022, ideal for restaurant, medical, or retail.

    Lot size:
    0.25 Acres

    Property Features for 3764 Monroe St

    General Information

    Property type
    Commercial
    Standard status
    Contract
    Lot size
    0.25 Acres

    Building Details

    Year built
    2022

    We can help!

    Listing Contact
    Ali Charara
    Ali Charara
    Source: Elliman

    Listing Agency: Century 21 Commercial Curran & Oberski | Dearborn Heights Listing Agent: Ali Charara

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

    Learn more

    Overview

    Modern Commercial Space in Dearborn

    This modern commercial space, built in 2022, offers 1,700 square feet in West Dearborn's business district. The property includes 16 parking spaces. It is suitable for a restaurant, medical office, or retail concept. The real estate is for sale, but the equipment is not included. The property features premium finishes and excellent visibility.
    Location Intelligence

    Current Use by Public Records

    the custard hut Grocery & Convenience Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2515339
    Latitude
    42.2832934

    Nearby Similar for Sale

    • $275,000
      4,595 SF

      Dearborn Collision Shop with Equipment

      Turn-key collision shop with paint booth in prime location.
      5410 Oakman Blvd, Dearborn, MI 48126
      View Details
    • $1,800,000
      4,800 SF

      Established Auto Repair Business Opportunity

      Thriving auto repair business and real estate for sale in Dearborn.
      14433 W Warren Ave, Dearborn, MI 48126
      View Details
    • $179,900
      1,450 SF

      Corner Building Near Dearborn

      Commercial building near major intersection, suitable for various businesses.
      18308 Joy Rd, Dearborn, MI 48228
      View Details
    • $250,000
      15,000 SF

      Turn-Key Dessert Cafe Opportunity

      Thriving dessert cafe in Downtown West Dearborn for sale.
      1025 Mason St, Dearborn, MI 48124
      View Details
    • $249,900
      1,512 SF

      Move-In Ready Dearborn Duplex

      Charming multi-family residence with elegant features and modern amenities.
      5003 Middlesex St, Dearborn, MI 48126
      View Details
    • $280,000
      1,650 SF

      Dearborn Multifamily Investment Opportunity

      Tenant-occupied two-unit multifamily property in East Dearborn with solid income.
      5510 Bingham St, Dearborn, MI 48126
      View Details
    • $429,000

      Dearborn Renovated Commercial Property on Dix

      Prime Dearborn property with high visibility and recent renovations.
      10306 Dix, Dearborn, MI 48120
      View Details
    • $598,800
      Pending

      Downtown Dearborn Stand Alone Building

      Prime stand-alone building in Dearborn's downtown west with four units.
      1103 Washington St, Dearborn, MI 48124
      View Details
    • $375,000

      Established Liquor Store Opportunity

      Liquor store with consistent sales and low occupancy costs.
      7551 Wyoming Ave, Dearborn, MI 48126
      View Details
    • $1,595,000
      Pending

      Immaculate Industrial Facility For Sale

      Prime location, excellent access, modern upgrades, ideal for industrial uses.
      1330 Industrial St, Dearborn, MI 48120
      View Details
    • $449,900

      Freestanding Building in Dearborn

      Freestanding building with ample parking and freeway access.
      10531 Wren St, Dearborn, MI 48120
      View Details
    • $449,900

      Freestanding Building in Dearborn

      Freestanding building with ample parking and freeway access.
      10531 Wren St, Dearborn, MI 48120
      View Details

    FAQs

    What type of property is this?
    Retail space - Built in 2022, ideal for restaurant, medical, or retail.
    Where is this retail space located?
    The property is located at 3764 Monroe St Dearborn, MI.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Prime location in the heart of West Dearborn's bustling business district.; - Modern 1,700 sq. ft. commercial space.; - Built in 2022 with premium finishes.
    (313) 274-7200
    Request Owner's contact information
    3764 Monroe St Dearborn, MI 48124
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3764 Monroe St
    Dearborn, MI 48124
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3764 Monroe St Dearborn, MI 48124
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ali Charara
    Ali Charara
    Real Estate License ID: 6501340600
    (313) 274-7200 (313) 289-2222
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!