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Retail Storefront for Lease
For Lease
$2,500/Mo

23920 Michigan Avenue, Dearborn, MI 48124

Retail storefront available for lease on Michigan Avenue in Dearborn, Michigan.

Space SizeContact for details
Days on Market16

Property Features for 23920 Michigan Avenue

General Information

Standard status Active
Lease Type /mo

Building Details

Year Built 1949
Listing Agency: Sonic Realty LLC
Listed By: Samar Taha · License #6501426070
Source: Thebrokeragehouse
Added: Jul 26 Changed: Aug 8 Last Checked: Aug 9 at 12:57PM

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 Sonic Realty LLC

Investment Insights

Based on property information with market context.

This listing offers a retail storefront for lease as part of a strip mall retail property. It is positioned for businesses seeking a dedicated street-facing presence within a shared commercial center.

The property is located at 23920 Michigan Avenue in Dearborn, Michigan. This makes it suitable for tenants looking for storefront retail space along a main commercial corridor.

For details on unit configuration, lease terms, and availability, please contact the listing agent.

Key Highlights

  • Retail storefront available for lease
  • Located on Michigan Avenue in Dearborn, Michigan
  • Built in 1949

Property Analytics

Current Use

X Volume Barber Shop

Suggested Use

Top Pick Hair Salon Spa & Massage Center Parking Lot & Garage Law Firm Big Box & Wholesale Store Daycare 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,085
Businesses Nearby
128k
Monthly Visits Nearby

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
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Frequently Asked Questions

What type of property is this?
Strip mall - Retail storefront available for lease on Michigan Avenue in Dearborn, Michigan.
Where is this strip mall located?
The property is located at 23920 Michigan Avenue Dearborn, MI.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: Retail storefront available for lease; Located on Michigan Avenue in Dearborn, Michigan; Built in 1949
More about this property
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