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Full-Service Office Building
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23400 Michigan Ave, Dearborn, MI 48124

Twelve-story, full-service office building offering on-site management, parking, and 24/7 access at a major Dearborn intersection.

Property Size472 SF
Days on Market1324

Property Features for 23400 Michigan Ave

General Information

Standard status Active
Size 472 SF
Property subtype OFFICE
Lease Type SF/mo
Listing Agency: Thomas A. Duke Company
Listed By: Frank Rakipi
Source: Moodyscre
Added: Dec 16, 2022 Changed: Jul 26 Last Checked: Aug 1 at 5:56AM

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 Thomas A. Duke Company

Investment Insights

Based on property information with market context.

Village Plaza is a prominent twelve-story, full-service office building offering on-site management, structured and surface parking, and 24/7 building access. The building is designed to support daily tenant operations with a full-service approach and dedicated parking capacity.

It is located on the northwest corner of Michigan Avenue and Outer Drive in Dearborn, Michigan, positioned near University of Michigan–Dearborn, Oakwood Hospital, and Ford Motor Company World Headquarters. Easy freeway access and proximity to Detroit Metropolitan Airport support convenient commuting and business travel.

The property features 1,800 total surface and structure parking spaces and lists current tenants including FedEx Office, H&R Block, and U1 Cafe.

Key Highlights

  • 12‑story full‑service office building with 285,468 SF and on‑site management
  • 1,800 surface and structure parking spaces on‑site
  • 24/7 building access with full‑service operations

Property Analytics

Current Use

Veldas Silver Thimble (Bike/Boat/Book/etc) Store Rao Jehangir N ... Physician Fryzel Kelly M Physician Oakwood Healthcare Physician American Red Cross ... Volunteer Organization

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant Hair Salon Spa & Massage Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.76 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,085
Businesses Nearby

Demographics for 48124, MI

34,134
Population
14,787
Households
2.3
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
3,879
Density / Sq Mi
$78,353
Median Household Income
$49,103
Median Earnings
$1,280
Median Rent
$192,100
Median Home Value

Market

Lease Benchmarks for Dearborn, MI

$15.26 /SF/Yr
Avg Asking Price
$12–$19 /SF/Yr
Price Range
120,230 SF
Avg Space Size

This space is priced 21% above the average of $15.26 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Twelve-story, full-service office building offering on-site management, parking, and 24/7 access at a major Dearborn intersection.
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 $724 /Mo.
What are key features of this property?
This property features: 12‑story full‑service office building with 285,468 SF and on‑site management; 1,800 surface and structure parking spaces on‑site; 24/7 building access with full‑service operations
(313) 478-5400 Call to check price and availability
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