Shopping Center with Perpetual Access
For Sale
Contact for pricing
18900 Michigan Ave, Dearborn, MI 48126
Non-exclusive perpetual rights cover parking fields, sidewalks, and ring-road roadway access for the shopping center.
Property Size259,000 SF
Price / SF$23.17
Days on Market661
Property Features for 18900 Michigan Ave
General Information
Standard status
Active
Size
259,000 SF
Property subtype
RETAIL
Listing Agency:
Stokas Bieri Real Estate
(313) 552-4002
Listed By:
Alex Bieri · License #6506046740
Source:
Moodyscre
Added: Oct 19, 2024
Changed: Jul 29
Last Checked: Aug 9 at 1:07PM
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 Stokas Bieri Real Estate
Investment Insights
Based on property information with market context.
This shopping center is being offered for sale and totals 259,000 square feet. The property’s shared circulation and access rights are governed by a non-exclusive perpetual right covering the use of parking fields, sidewalks, and roadways, including the ring road.
The asset is located at 18900 Michigan Ave in Dearborn, MI 48126. The recorded right pertains specifically to the use of the shared parking and pedestrian/vehicle areas that connect through the ring-road circulation system.
The asset is located at 18900 Michigan Ave in Dearborn, MI 48126. The recorded right pertains specifically to the use of the shared parking and pedestrian/vehicle areas that connect through the ring-road circulation system.
Key Highlights
- Non‑exclusive, perpetual right to use the shopping center parking fields, sidewalks, and roadways
- Includes non‑exclusive perpetual access via the shopping center ring road
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
142k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 27%
Groceries 9%
Apparel 1%
McDonald's
Dining
20,883 visits/mo
0.5 miles
Dollar Tree
Shops & Services
15,469 visits/mo
0.5 miles
BP
Shops & Services
13,407 visits/mo
0.4 miles
Bank of America
Shops & Services
12,984 visits/mo
0.2 miles
Restaurant Depot
Groceries
12,839 visits/mo
0.4 miles
Demographics for 48126, MI
55,863
Population
16,919
Households
3.3
Avg Household Size
28
Median Age
24%
College-Educated
74%
High-School Grad
8.4 sq mi
ZIP Area
6,650
Density / Sq Mi
$42,353
Median Household Income
$27,724
Median Earnings
$1,222
Median Rent
$200,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Non-exclusive perpetual rights cover parking fields, sidewalks, and ring-road roadway access for the shopping center.
Where is this shopping center located?
The property is located at 18900 Michigan Ave Dearborn, MI.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Non‑exclusive, perpetual right to use the shopping center parking fields, sidewalks, and roadways; Includes non‑exclusive perpetual access via the shopping center ring road
