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Two-Suite Retail Building
For Lease
$2,576/Mo

24399 - 24411 Michigan Ave, Dearborn, MI 48124

Retail property with a two-suite configuration along Michigan Avenue.

Space SizeContact for details
Property Size5,745 SF
Days on Market9

Property Features for 24399 - 24411 Michigan Ave

General Information

Standard status Active
Size 5,745 SF
Property subtype Retail

Building Details

Building Size 5,745 SF
Listing Agency: Detroit
Listed By: Ben Hubert · License #6502385681
Source: Colliers
Added: Aug 22 Changed: Aug 29 Last Checked: Aug 29 at 11:28AM

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 Detroit

Investment Insights

Based on property information with market context.

This 5,745-square-foot retail building is arranged as two separate suites, providing a defined layout for retail occupancy. The property is located at 24399–24411 Michigan Ave in Dearborn, Michigan 48124.

Key Highlights

  • 5,745 SF retail building
  • Divided into two suites
  • Located at 24399–24411 Michigan Ave, Dearborn, MI 48124

Property Analytics

Current Use

Buddy V's Cake ... Restaurant

Suggested Use

Top Pick Building Supply Restaurant Big Box & Wholesale Store Spa & Massage Center Hair Salon Law Firm

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
$0.81 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

807
Businesses Nearby
79k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 45% Dining 43% Hotels & Casinos 7% Electronics 4%
7-Eleven Shops & Services
11,088 visits/mo 0.4 miles
Taco Bell Dining
8,028 visits/mo 0.4 miles
Arby's Dining
7,970 visits/mo 0.3 miles
Pet Supplies Plus Shops & Services
7,268 visits/mo 0.4 miles
White Castle Dining
6,495 visits/mo 0.3 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

Lease Benchmarks for Dearborn, MI

$16.73 /SF/Yr
Avg Asking Price
$6.55–$35 /SF/Yr
Price Range
2,922 SF
Avg Space Size

This space is priced 68% below the average of $16.73 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail property with a two-suite configuration along Michigan Avenue.
Where is this retail space located?
The property is located at 24399 - 24411 Michigan Ave Dearborn, MI.
What is the lease rate?
The lease rate is $2,576/Mo.
What are key features of this property?
This property features: 5,745 SF retail building; Divided into two suites; Located at 24399–24411 Michigan Ave, Dearborn, MI 48124
More about this property
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