Move-In Ready Office
24736 Michigan Ave Dearborn, MI 48124
24736 Michigan Ave, Dearborn, MI, 48124
$485,000
For Sale
$485,000
Move-in ready office suite with an open front area, nine private rooms, and three restrooms.
Property Size2,800 SF
Price / SF$173.21
Days on Market11
Property Features for 24736 Michigan Ave
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1954
Listing agency
(734) 233-8018
Listed by
Sophia Brown
(734) 233-8018
Source
Elliman
Added: Jul 11 Updated: Jul 20 at 5:32PM Checked: Jul 21 at 6:12AM
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 Sophia Brown
Investment Insights
Based on property information with market context.
This move-in ready office suite offers a modern interior layout with an open front area and nine private rooms. The space is designed as a turnkey option for office and service-oriented use, with three restrooms and a kitchenette included.
Located on Michigan Ave in Dearborn, the suite is set within a walkable area, with a bike score of 39 and walk score of 55.
With multiple private rooms and shared amenities already in place, the space can support a self-contained, professional workflow without requiring immediate interior renovations.
Located on Michigan Ave in Dearborn, the suite is set within a walkable area, with a bike score of 39 and walk score of 55.
With multiple private rooms and shared amenities already in place, the space can support a self-contained, professional workflow without requiring immediate interior renovations.
Key Highlights
- Move‑in ready 2,800 SF office suite on Michigan Ave.
- Modern layout with an open front area plus nine private rooms.
- Includes 3 restrooms and a kitchenette for everyday office/service use.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.1k | $18.96 |
| − Vacancy | −$11.9k | −$4.27 |
| EGI | $41.1k | $14.69 |
| − OpEx | −$10.3k | −$3.67 |
| NOI | $30.9k | $11.02 |
2,800 SF · lease $18.96/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$440.8K
$385.7K – $514.3K
NOI $30,857 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$617.7K
$540.5K – $720.6K
NOI $43,238 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
One Step Rehab ...
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Move-in ready office suite with an open front area, nine private rooms, and three restrooms.
Where is this office units located?
The property is located at 24736 Michigan Ave Dearborn, MI.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Move‑in ready 2,800 SF office suite on Michigan Ave.; Modern layout with an open front area plus nine private rooms.; Includes 3 restrooms and a kitchenette for everyday office/service use.
