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    Retail properties & Spaces

    23810-23814 Michigan Ave, Dearborn, MI 48124

    11,884 SF Built 1959
    Property ID
    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
    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
    Allowed · conditional · prohibited
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