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Updated Commercial Building on Michigan Avenue

14217 MICHIGAN Avenue, Dearborn, MI 48126

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For Sale

$328,000

Move-in ready commercial building with high visibility and ample parking.

Type:Commercial/Industrial

Property size:

1,740 SF

Lot size:

0.05 Acres

Price / SF:

$188/SF

We can help!

Contact an agent

Ahmed M Almawri

Real Estate License ID: 6501344491

HighLights

High visibility location on bustling Michigan Avenue East Dearborn.
Recently updated with fresh paint, new ceramic floors, modern lighting, and updated bathroom.
Move‑in‑ready condition.
Ample parking in the rear.
Versatile space suitable for retail, office, jewelry place, salon, or other commercial uses.
Located in one of Dearborn’s most sought‑after locations.

For Sale

$328,000

Move-in ready commercial building with high visibility and ample parking.

Type:Commercial/Industrial

Property size:

1,740 SF

Lot size:

0.05 Acres

Price / SF:

$188/SF

Added:: Jan 16, 2025
Days on Market:: 536
Last Refresh:: May 19 at 11:40 pm

Property Features for 14217 MICHIGAN Avenue

General Information

Standard status: Active
Size: 1,740 SF
Lot size: 0.05 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1942

We can help!

Contact an agent

Ahmed M Almawri

Listing office Real Estate One-Dbn Hts/Dbn

Listing date Jan 16, 2025

Source Exitrealty

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

All listing content including descriptions, pricing, images are the copyrighted material of Real Estate One-Dbn Hts/Dbn

HighLights

High visibility location on bustling Michigan Avenue East Dearborn.
Recently updated with fresh paint, new ceramic floors, modern lighting, and updated bathroom.
Move‑in‑ready condition.
Ample parking in the rear.
Versatile space suitable for retail, office, jewelry place, salon, or other commercial uses.
Located in one of Dearborn’s most sought‑after locations.

Overview

This commercial building is located on Michigan Avenue in East Dearborn. The property has been recently updated with fresh paint, new ceramic floors, modern lighting, and an updated bathroom. It offers ample parking in the rear. The property is suitable for retail, office, jewelry store, salon, or other commercial uses. The building has a property size of 1740 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$32.4k	$18.60
− Vacancy	−$1.7k	−$1.00
EGI	$30.6k	$17.60
− OpEx	−$9.2k	−$5.28
NOI	$21.4k	$12.32

1,740 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%

Alternative Uses

Best Use

Retail

$306.2K

$267.9K – $357.2K (±1% cap)

NOI $21,431 @ 7.0% cap · market cap 6.53%

Second Best

Office B

$273.9K

$239.7K – $319.6K (±1% cap)

NOI $19,176 @ 7.0% cap · market cap 5.85%

Theoretical Best

Office A

$383.9K

$335.9K – $447.8K (±1% cap)

NOI $26,870 @ 7.0% cap · market cap 8.19%

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

Property Profile Location Intelligence

Current Use by Public Records

Dluzin PC Tax Preparation Alvin Planka Income ... Accounting Firm

Suggested Use

Location Insight

Map
Local Demand

City: Dearborn
County: Wayne
State: Michigan
Longitude: -83.1809
Latitude: 42.3207

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For sale
Retail space
MI
Dearborn
48126
14217 MICHIGAN Avenue

What type of property is this?

Retail space - Move-in ready commercial building with high visibility and ample parking.

Where is this retail space located?

The property is located at 14217 MICHIGAN Avenue Dearborn, MI.

What is the asking price?

The asking price for this property is $328,000.

What are key features of this property?

This property features: High visibility location on bustling Michigan Avenue East Dearborn.; **Recently updated with fresh paint, new ceramic floors, modern lighting, and updated bathroom.**; Move‑in‑ready condition.