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    23001 Michigan Ave Dearborn, MI 48124

    Sponsored
    For Lease
    Contact for pricing

    Dearborn retail space, multiple units.

    Lot size:
    12,657 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Westborn Mall offers exceptional retail opportunities in Dearborn, Michigan. This single-story property, located at 23001 Michigan Ave, zip code 48124, boasts nearly 184,000 square feet of retail space and provides convenient access to a high-traffic area. The mall features a total of 3 suites, with spaces ranging from a minimum of 3,914 square feet to a maximum contiguous space of 6,200 square feet. Currently, there are multiple units available, ideal for a variety of retail businesses. The property is situated in Wayne County, offering excellent visibility and accessibility. Ample parking is available for customers and employees, with a total of 993 parking spaces. The strategic location provides easy access to Downtown Dearborn, Henry Ford College, the University of Michigan-Dearborn, The Henry Ford Museum, Greenfield Village, and Ford Headquarters, ensuring high foot traffic and exposure to a diverse customer base. This prime retail location presents a unique opportunity for businesses seeking to establish or expand their presence in a thriving community. The property's convenient location and ample parking make it an attractive destination for shoppers. Contact us today to learn more about the available spaces and lease terms.

    Property Features for 23001 Michigan Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,657 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,543 SF
    Space
    Available Space 3
    Size
    6,200 SF
    Space
    Available Space 2
    Size
    3,914 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Westborn Mall Shopping Mall Marshalls Department Store Lily Banks Florist Gift Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.260324533682
    Latitude
    42.302183118382

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    FAQs

    What type of property is this?
    Retail property - Dearborn retail space, multiple units.
    Where is this retail property located?
    The property is located at 23001 Michigan Ave Dearborn, MI.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23001 Michigan Ave Dearborn, MI 48124
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