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    Retail properties & Spaces

    23810-23814 Michigan Ave, Dearborn, MI 48124

    5,400 SF 0.53 ac lot Built 1959
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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