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Dearborn Commercial Property on Michigan

15241 Michigan Ave, Dearborn, MI 48126

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For Sale

$3,300,000

Prime commercial opportunity in the heart of Dearborn, Michigan.

Type:Commercial

Property size:

14,000 SF

Price / SF:

$235/SF

HighLights

Prime commercial location in the heart of Dearborn.
Turn‑key condition, ready for immediate business operation.
Large 14,000+ sqft space with potential for expansion.
Zoned BB – General Business District, allowing for a variety of commercial uses (medical, retail, etc.).
Newer HVAC system and newly installed fire suppression system.
Large parking lot.

We can help!

Listing Contact

Bilal A Hamie

Learn more

For Sale

$3,300,000

Prime commercial opportunity in the heart of Dearborn, Michigan.

Type:Commercial

Property size:

14,000 SF

Price / SF:

$235/SF

Added:: Apr 24, 2026
Days on Market:: 59
Last Refresh:: Apr 24 at 5:38 pm

Property Features for 15241 Michigan Ave

General Information

Standard status: Active
Size: 14,000 SF
Property subtype: Commercial

Building Details

Year Built: 1955

We can help!

Listing Contact

Bilal A Hamie

Listing agent Bilal A Hamie License #360292

Listing office RE/MAX Team 2000

Listing date Apr 24, 2026

Source Elliman

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 RE/MAX Team 2000

HighLights

Prime commercial location in the heart of Dearborn.
Turn‑key condition, ready for immediate business operation.
Large 14,000+ sqft space with potential for expansion.
Zoned BB – General Business District, allowing for a variety of commercial uses (medical, retail, etc.).
Newer HVAC system and newly installed fire suppression system.
Large parking lot.

Overview

This commercial property, located in Dearborn, offers over 14,000 square feet of space and is ready for a new business. Situated in a growing area with high visibility, the property presents potential for expansion and success. It is zoned BB – GENERAL BUSINESS DISTRICT, allowing for a variety of commercial uses such as a medical center or retail. The property includes a newly installed fire suppression system, new front glass windows, a newer HVAC system, and a large parking lot.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$260.4k	$18.60
− Vacancy	−$14.1k	−$1.00
EGI	$246.3k	$17.60
− OpEx	−$73.9k	−$5.28
NOI	$172.4k	$12.32

14,000 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.46M

$2.16M – $2.87M (±1% cap)

NOI $172,437 @ 7.0% cap · market cap 5.23%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.09M

$2.70M – $3.60M (±1% cap)

NOI $216,192 @ 7.0% cap · market cap 6.55%

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

Location Intelligence

Current Use by Public Records

Family Dollar Discount Store

Suggested Use

Location Insight

Map
Local Demand

City: Dearborn
County: Wayne
State: Michigan
Longitude: -83.192631
Latitude: 42.317035

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For sale
Retail space
MI
Dearborn
48126
15241 Michigan Ave

What type of property is this?

Retail space - Prime commercial opportunity in the heart of Dearborn, Michigan.

Where is this retail space located?

The property is located at 15241 Michigan Ave Dearborn, MI.

What is the asking price?

The asking price for this property is $3,300,000.

What are key features of this property?

This property features: Prime commercial location in the heart of Dearborn.; Turn‑key condition, ready for immediate business operation.; Large 14,000+ sqft space with potential for expansion.