Built-Out Commercial
For Sale
$100,000
22701 MICHIGAN AVE, Dearborn, MI 48124
Established restaurant-ready space with storefront signage and customer parking in a busy Dearborn commercial corridor.
Property Size1,200 SF
Price / SF$83.33
Days on Market9
Property Features for 22701 MICHIGAN AVE
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Industrial
Amenities
180200
Building Details
Year Built
19
Listing Agency:
(313) 228-3777
Listed By:
Keller Williams Legacy
(313) 228-3777
Source:
Xome
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 5 at 5:08AM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This 1,200-square-foot commercial kitchen space is fully built out for restaurant use and includes storefront signage and customer parking. The property is positioned along Michigan Avenue in Dearborn’s West Dearborn area, within a high-traffic commercial corridor.
The sale excludes the current business name, inventory, and existing equipment and trade fixtures, including refrigeration, prep tables, sinks, shelving, HVAC, and point-of-sale components. The current lease structure is NNN, with the monthly lease amount excluded from this summary.
The sale excludes the current business name, inventory, and existing equipment and trade fixtures, including refrigeration, prep tables, sinks, shelving, HVAC, and point-of-sale components. The current lease structure is NNN, with the monthly lease amount excluded from this summary.
Key Highlights
- 1,200 SF fully built‑out commercial kitchen space
- Storefront signage along Michigan Avenue
- Customer parking available
Financial Insights For Industrial
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 | $10.5k | $8.76 |
| − Vacancy | −$452 | −$0.38 |
| EGI | $10.1k | $8.38 |
| − OpEx | −$3.0k | −$2.51 |
| NOI | $7.0k | $5.87 |
1,200 SF · lease $8.76/SF/yr · vacancy 4.30% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$234.5K
$205.2K – $273.6K
NOI $16,416 @ 7.0% cap · market cap 16.42%
Second Best
Retail
$211.1K
$184.8K – $246.3K
NOI $14,780 @ 7.0% cap · market cap 14.78%
Theoretical Best
Office A
$264.7K
$231.6K – $308.9K
NOI $18,531 @ 7.0% cap · market cap 18.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
128k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 15%
Apparel 2%
Hotels & Casinos 1%
Ford's Garage
Dining
45,220 visits/mo
0.1 miles
Buffalo Wild Wings
Dining
18,533 visits/mo
0.5 miles
Buddy's Pizza
Dining
15,252 visits/mo
0.4 miles
Tim Hortons
Dining
14,359 visits/mo
0.1 miles
Comerica Bank
Shops & Services
11,306 visits/mo
0.4 miles
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
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Established restaurant-ready space with storefront signage and customer parking in a busy Dearborn commercial corridor.
Where is this commercial kitchen located?
The property is located at 22701 MICHIGAN AVE Dearborn, MI.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 1,200 SF fully built‑out commercial kitchen space; Storefront signage along Michigan Avenue; Customer parking available
