Property profile

22680 Newman St Dearborn, MI 48124

OFF-MARKET
Retail space
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Property ID
US43-1728414
4,741 SF 0.19 ac Built 2002
Last sale Apr 2025·$800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A two-story retail building in the West Dearborn area that was previously used as a bridal boutique. The building contains 5,570 square feet total (2,785 square feet per floor) and includes an elevator for inter-floor access. There is a private parking lot on site, and an adjacent lot is under the owner’s control, which may provide additional parking capacity. The space is configured to support retail and service-oriented uses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value · 2024$353k
Effective rate5.31%

Value estimate

· Nov 2026
$930k
$837k – $1.02M
CAP approach$900k
Submarket $/SF estimate$760k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$117/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$77 – $160
Qualifying comparables17

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BC
R-D, AND R-E MULTIPLE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 13.00 - O-S, BUSINESS OFFICE DISTRICT[1] ARTICLE 14.00 - B-A, LOCAL BUSINES...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply37.9
Wholesale Shop33.9
Storage Facility22.5

Location

22680 Newman St Dearborn, MI 48124-1597
County assessor Recorded deeds · 3 transfers 17 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1911 Monroe, Dearborn, MI 48124-2916 $300,000 Jan 2022 3,880 SF
24512 Michigan, Dearborn, MI 48124-1711 $440,000 Nov 2021 5,429 SF
2515 Monroe, Dearborn, MI 48124-3013 $515,000 Aug 2021 3,802 SF
24706 Michigan, Dearborn, MI 48124-1750 $400,000 Jun 2020 5,985 SF
940 Monroe, Dearborn, MI 48124-2310 $500,000 Jan 2020 3,200 SF
2645 Monroe, Dearborn, MI 48124-3015 $650,000 Dec 2018 6,459 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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