Turn-Key Medical and Retail
15241 Michigan Avenue Unit SourceFi Dearborn, MI 48126
15241 Michigan Avenue Unit SourceFi, Dearborn, MI, 48126
$3,300,000
For Sale
$3,300,000
Turn-key commercial space with newly installed fire suppression, new front glass windows, newer HVAC, and a large parking lot.
Property Size14,025 SF
Price / SF$235.29
Days on Market130
Property Features for 15241 Michigan Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 14,025 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
RE/MAX Team 2000
(734) 564-9002
Listed by
Tim Muflihi · License #360292
(734) 564-9002
Source
Xome
Added: Mar 11 Checked: Jul 18 at 3:02 am
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
Investment Insights
Based on property information with market context.
This turn-key commercial property offers an existing buildout suitable for medical center or retail use, with approximately 14,000+ square feet and a ready-to-operate configuration. Recent upgrades include a newly installed fire suppression system, new front glass windows, and a newer HVAC system, supported by a large on-site parking lot.
The property is located at 15241 Michigan Avenue in Dearborn, MI. It is described as highly visible within a growing commercial area.
The site is identified as zoned BB “General Business District,” which allows a variety of commercial uses, including medical center and retail. All information is approximate and should be verified by buyers and their agents.
The property is located at 15241 Michigan Avenue in Dearborn, MI. It is described as highly visible within a growing commercial area.
The site is identified as zoned BB “General Business District,” which allows a variety of commercial uses, including medical center and retail. All information is approximate and should be verified by buyers and their agents.
Key Highlights
- Over 14,000 SF turn‑key commercial space, ready to open your business
- Zoned BB – General Business District, allowing a variety of commercial uses
- Newly installed fire suppression system
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $260.9k | $18.60 |
| − Vacancy | −$14.1k | −$1.00 |
| EGI | $246.8k | $17.60 |
| − OpEx | −$74.0k | −$5.28 |
| NOI | $172.7k | $12.32 |
14,025 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.47M
$2.16M – $2.88M
NOI $172,745 @ 7.0% cap · market cap 5.23%
Second Best
Healthcare Medical
$2.26M
$1.97M – $2.63M
NOI $157,933 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$3.09M
$2.71M – $3.61M
NOI $216,578 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Turn-key commercial space with newly installed fire suppression, new front glass windows, newer HVAC, and a large parking lot.
Where is this medical center located?
The property is located at 15241 Michigan Avenue Unit SourceFi 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: Over 14,000 SF turn‑key commercial space, ready to open your business; Zoned BB – General Business District, allowing a variety of commercial uses; Newly installed fire suppression system
