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