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Michigan Avenue Retail Space

25488 Michigan Avenue, Dearborn Heights, MI 48125

For Sale
$1,450,000

Retail space offered for sale on Michigan Avenue in Dearborn Heights.

Property Size4,199 SF
Price / SF$345.32
Days on Market53

Property Features for 25488 Michigan Avenue

General Information

Standard status Active
Size 4,199 SF
Property subtype Retail
Listing Agency: CBRE - Detroit
Listed By: Scott Young · License #6502405265
Source: Cbre
Added: Sep 16 Changed: Oct 26 Last Checked: Nov 6 at 6:29AM

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 CBRE - Detroit

Rey
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Investment Insights

Based on property information with market context.

This retail space is offered for sale at 25488 Michigan Avenue in Dearborn Heights, Michigan. The property information identifies the asset as retail space with a recorded property size of 4,199.

Key Highlights

  • Retail space available for sale
  • Located at 25488 Michigan Avenue, Dearborn Heights, MI 48125
  • Recorded property size of 4,199

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

ATM (TCF Bank) Atm TCF Bank Bank Huntington Bank ATM ... Atm Huntington Bank Bank

Suggested Use

Top Pick Parking Lot & Garage Hair Salon Law Firm Gym & Fitness Center Nail Salon Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

394
Businesses Nearby
111k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 38% Home Improvements & Furnishings 33% Shops & Services 30%
The Home Depot Home Improvements & Furnishings
36,051 visits/mo 0.2 miles
McDonald's Dining
23,674 visits/mo 0.2 miles
Burger King Dining
10,150 visits/mo 0.2 miles
Marathon Shops & Services
8,502 visits/mo 0.1 miles
Citgo Shops & Services
8,417 visits/mo 0.1 miles

Demographics for 48125, MI

22,070
Population
8,791
Households
2.5
Avg Household Size
38
Median Age
16%
College-Educated
87%
High-School Grad
4.0 sq mi
ZIP Area
5,518
Density / Sq Mi
$59,534
Median Household Income
$38,241
Median Earnings
$1,298
Median Rent
$119,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Retail space in Wayne County, MI

$103 Jul
$100 Aug
$124 Sep
$131 Oct

Properties on Market for Retail space in Wayne County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Retail space offered for sale on Michigan Avenue in Dearborn Heights.
Where is this retail space located?
The property is located at 25488 Michigan Avenue Dearborn Heights, MI.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Retail space available for sale; Located at 25488 Michigan Avenue, Dearborn Heights, MI 48125; Recorded property size of 4,199
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