23810-23814 Michigan Ave, Dearborn, MI 48124
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.