24399-24411 Michigan Ave, Dearborn, MI 48124
This exceptional retail property, Dearborn Plaza, located at 24399-24411 Michigan Avenue in Dearborn, Michigan, presents a unique investment opportunity. The entire 10,489 square foot building is currently vacant and available for sale. Situated in Wayne County, this prime retail space offers significant flexibility for prospective tenants or owners. The property is categorized as a multi-tenant retail building, allowing for diverse uses and potential for multiple income streams. The minimum divisible space is 4,416 square feet, providing options for smaller businesses, while the maximum contiguous space available is the entire 10,489 square feet, ideal for a larger anchor tenant or a single-occupancy business. This presents a rare chance to acquire a substantial retail space in a desirable location. The property's address is easily accessible and benefits from high visibility on Michigan Avenue. The zip code is 48124. This turnkey opportunity allows for immediate occupancy and customization to suit the needs of the new owner. The property's size and location make it an attractive prospect for a variety of retail businesses seeking a strong presence in the Dearborn market. This is a fully vacant building, offering a blank canvas for a new business venture or a portfolio addition.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.