Property profile

23810-23814 Michigan Ave Dearborn, MI 48124

OFF-MARKET
Retail properties & Spaces
5,400 SF 0.53 ac lot Built 1959
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Property summary

AI-generated overview

This exceptional investment opportunity presents a rare chance to acquire a prime commercial property situated on Michigan Avenue in West Dearborn, Michigan. The property consists of two buildings totaling 11,884 square feet, offering flexible space ideal for medical, office, or retail uses. One building is a two-story structure encompassing 10,800 square feet, while the second is a single-story building of 1,084 square feet. Both buildings can be sold and leased separately, providing significant versatility for potential buyers. Built in 1959 and renovated in 1990, the property sits on a 0.53-acre lot and boasts ample parking with 45 spaces available. The property is zoned BB - Community Business, allowing for a variety of commercial uses. The current lease rate is $27.50 per square foot gross. This property offers a unique blend of established infrastructure and high-growth potential in a desirable West Dearborn location. The property's address is 23810-23814 Michigan Avenue, Dearborn, MI 48124, with APN numbers 82-09-213-01-109 and 021. Contact for sale price.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1959
Total area 5,400 SF
Lot 0.53 ac (23,087 SF)

Cap rate & NOI

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

Location

23810-23814 Michigan Ave Dearborn, MI 48124
Dearborn metro
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Value estimations

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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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