Building Details

Stories 12

Building Size 285,468 SF

Spaces For Lease

at 23400 Michigan Ave Contact us

Village Plaza $1,200/Mo

Floor

2

Size

716 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. - Located on the northwest corner of Michigan Avenue and Outer Drive in Dearborn, Michigan - 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 9:26AM

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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 twelve-story office building offered as a full-service option for tenants. The property provides on-site management and 24/7 building access, along with structure and surface parking.

The building is located on the northwest corner of Michigan Avenue and Outer Drive in Dearborn, Michigan. It is positioned near the University of Michigan–Dearborn, Oakwood Hospital, and Ford Motor Company World Headquarters, with easy freeway access and about twelve minutes to Detroit Metropolitan Airport.

On-site parking totals 1,800 surface and structure spaces. Tenants listed include FedEx Office, H&R Block, and U1 Cafe.

Key Highlights

• 285,468 SF, 12‑story full‑service office building on the northwest corner of Michigan Avenue and Outer Drive in Dearborn, MI
• 1,800 surface and structure parking spaces for tenants
• On‑site management with 24/7 building access

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

$3.02 /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 31% 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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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 office building offering on-site management, 24/7 access, and parking for office tenants.

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 $1,200/Mo.

What are key features of this property?

This property features: 285,468 SF, 12‑story full‑service office building on the northwest corner of Michigan Avenue and Outer Drive in Dearborn, MI; 1,800 surface and structure parking spaces for tenants; On‑site management with 24/7 building access