Building Details

Stories 12

Spaces For Lease

at 23400 Michigan Ave Contact us

Village Plaza $850/Mo

Floor

2

Size

552 SF

Type

OFFICE

Lease Type

GROSS

Availability

AVAILABLE, Now

Sublease

No

- Village plaza is a prominent twelve story office building located at one of west... Dearborn’s most traveled intersections. - This 285,468 SF full-service building features on-site management, structure parking, and 24/7 building access. Village Plaza is located within close proximity to the University of Michigan-Dearborn, Oakwood Hospital, and Ford Motor Company World Headquarters and is twelve minutes from Detroit Metropolitan Airport. Location Description Located on the northwest corner of Michigan Avenue and Outer Drive in Dearborn, Michigan Highlights Full Service Office Building 1,800 Surface and Structure Parking Spaces Easy Freeway Access Twelve Minutes from Detroit Metropolitan Airport Tenants Include FedEx Office, H&R Block, and U1 Cafe

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Contact us

Listing Agency: Thomas A. Duke Company Show Phone

Listed By: Frank Rakipi Show Phone

Source: Moodyscre

Added: Dec 16, 2022 Changed: Sep 11 Last Checked: Sep 20 at 10:22AM

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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, full-service twelve-story office building offering on-site management and 24/7 building access. The property includes surface and structure parking, totaling 1,800 spaces, and is designed for day-to-day tenant operations with an in-house managed approach.

The building is located on the northwest corner of Michigan Avenue and Outer Drive in Dearborn, Michigan. It is near the University of Michigan–Dearborn, Oakwood Hospital, and the Ford Motor Company World Headquarters.

Village Plaza also lists tenant occupancy including FedEx Office, H&R Block, and U1 Cafe, supporting a mix of established commercial users within the building. Easy freeway access is noted, and the property is described as twelve minutes from Detroit Metropolitan Airport.

Key Highlights

• Full‑service twelve‑story office building totaling 285,468 SF
• On‑site management with 24/7 building access
• 1,800 surface and structure parking spaces on site

Property Analytics

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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

$2.77 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,007

Businesses Nearby

Explore this area Business Placement

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

39,352 SF

Avg Space Size

This space is priced 20% above 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

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Twelve-story, full-service office building with on-site management, parking, and 24/7 access.

Where is this office building located?

The property is located at 23400 Michigan Ave Dearborn, MI.

What is the lease rate?

The lease rate is $850/Mo.

What are key features of this property?

This property features: Full‑service twelve‑story office building totaling 285,468 SF; On‑site management with 24/7 building access; 1,800 surface and structure parking spaces on site