Property profile

24399-24411 Michigan Ave Dearborn, MI 48124

OFF-MARKET
Retail properties & Spaces
10,489 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 10,489 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

24399-24411 Michigan Ave Dearborn, MI 48124
Dearborn metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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