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Full-Service Office Building
For Lease
$15 SF/Yr

23400 Michigan Avenue, Dearborn, MI 48124

Full-service twelve-story office building with on-site management, parking, and 24/7 access.

Space SizeContact for details
Property Size285,468 SF
Days on Market194

Property Features for 23400 Michigan Avenue

General Information

Standard status Active
Size 285,468 SF
Class A
Total Parking Spaces 1800
Property subtype Office

Additional Details

Highway Access Yes

Building Details

Building Size 285,468 SF
Year Built 1968
Buildings 1
Stories 12
Listing Agency: Thomas A. Duke Company
Listed By: Frank Rakipi
Source: Cpix.resimplifi
Added: Feb 23 Changed: Sep 2 Last Checked: Sep 4 at 2:14AM

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 Thomas A. Duke Company

Investment Insights

Based on property information with market context.

Village Plaza is a prominent twelve-story, full-service office building offering on-site management and 24/7 building access. The property provides 1,800 surface and structure parking spaces to support daily tenant and visitor needs.

The building is positioned at one of west Dearborn’s most traveled intersections and offers easy freeway access. It is located near the University of Michigan-Dearborn, Oakwood Hospital, and Ford Motor Company World Headquarters, with access to the Detroit Metropolitan Airport approximately twelve minutes away.

Current tenants include FedEx Office, H&R Block, and U1 Cafe. This is a full-service office environment designed for companies seeking established on-site operations and convenient access for staff and customers.

Key Highlights

  • 12‑story full‑service office building with 285,468 SF, built in 1968
  • On‑site management and 24/7 building access
  • 1,800 surface and structure parking spaces on site

Property Analytics

Current Use

Veldas Silver Thimble (Bike/Boat/Book/etc) Store Rao Jehangir N ... Physician Fryzel Kelly M Physician Oakwood Healthcare Physician American Red Cross ... Volunteer Organization

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant Hair Salon Spa & Massage Center Kitchen & Bath Showroom

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

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,007
Businesses Nearby

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

Lease Benchmarks for Dearborn, MI

$15.36 /SF/Yr
Avg Asking Price
$12–$19 /SF/Yr
Price Range
43,196 SF
Avg Space Size

This space is priced 2% below the average of $15.36 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Full-service twelve-story office building with on-site management, parking, and 24/7 access.
Where is this office building located?
The property is located at 23400 Michigan Avenue Dearborn, MI.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 12‑story full‑service office building with 285,468 SF, built in 1968; On‑site management and 24/7 building access; 1,800 surface and structure parking spaces on site
More about this property
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