Property profile

23810-23814 Michigan Ave Dearborn, MI 48124

OFF-MARKET
Retail properties & Spaces
11,884 SF Built 1959
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Property summary

AI-generated overview

This exceptional investment opportunity presents two medical office buildings totaling 11,884 square feet situated on a 0.53-acre lot at 23810-23814 Michigan Avenue in Dearborn, Michigan. The property, zoned BB - Community Business, features two buildings: a two-story structure of 10,800 square feet and a single-story building of 1,084 square feet. Both buildings boast a 10-foot ceiling height and are currently vacant, offering a unique chance for immediate occupancy. Built in 1959 and renovated in 1990, the property provides 45 total parking spaces and is conveniently located near Telegraph Road. The buildings are divisible, with a minimum leasable space of 5,400 square feet and a maximum contiguous space of 11,884 square feet, making it suitable for single or multi-tenant occupancy. The property's prime location on Michigan Avenue in West Dearborn presents a rare opportunity for various uses, including medical, office, or retail. The Wayne County property (APN: 82-09-213-01-109, 021) offers significant potential for investors seeking a versatile and well-located commercial property in a thriving Dearborn submarket. The buildings can be sold separately.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1959
Total area 11,884 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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