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Redevelopment Opportunity in Dearborn
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22950 Michigan Avenue, Dearborn, MI 48124

Proposed 81,265 SF redevelopment available for lease.

Property Size81,265 SF
Days on Market156

Property Features for 22950 Michigan Avenue

General Information

Standard status Active
Size 81,265 SF
Property subtype Retail

Properties For Sale

at 22950 Michigan Avenue Contact us

VACANT C

Size
7,300 SF
Term
Negotiable
Contact us
Listing Agency: Mid America Real Estate - Michigan Inc
Listed By: Gabe Schuchman
Source: Midamericagrp
Added: Mar 7 Changed: Aug 8 Last Checked: Aug 8 at 3:00PM

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 Mid America Real Estate - Michigan Inc

Investment Insights

Based on property information with market context.

An 81,265 square foot redevelopment is proposed and available for lease at the Garrison Place shopping center, situated on Michigan Avenue and Garrison Street in west Dearborn. The property offers excellent visibility and seamless ingress and egress. Opportunities are available for retail, restaurant, department store, and large-scale retail businesses.

Key Highlights

  • 81,265 SF redevelopment available for lease.
  • Located on Michigan Avenue and Garrison Street in west Dearborn.
  • Excellent visibility.

Property Analytics

Current Use

Bank of America ATM Atm

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Storage Facility Kitchen & Bath Showroom Electrical Service Garden Center

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

Location Intelligence

Trade Area within ½ mile

1,085
Businesses Nearby
128k
Monthly Visits Nearby
Under-served
Demand for This Use

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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Shopping center - Proposed 81,265 SF redevelopment available for lease.
Where is this shopping center located?
The property is located at 22950 Michigan Avenue Dearborn, MI.
What are key features of this property?
This property features: 81,265 SF redevelopment available for lease.; Located on Michigan Avenue and Garrison Street in west Dearborn.; Excellent visibility.
More about this property
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