25200 Van Born RdDearborn Heights, MI 48125

Property Details for 25200 Van Born Rd

Year built

1953

Lot size

2.52 AC

Property size (Sq ft)

23,894 SF

Zone code

C-3

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

33 043 99 0022 001

APU

33043990022001

Description

This exceptional 0.773-acre parcel located at 25200 Van Born Rd, Dearborn Heights, MI 48125, presents a prime build-to-suit opportunity for a variety of commercial ventures. Situated in Wayne County, this property boasts a highly desirable location with excellent visibility and accessibility. The permitted zoning, encompassing both C-3 and M-1 classifications, allows for diverse development options, including restaurants, convenience stores, and banks. The site's ample space facilitates the inclusion of a drive-thru lane, a significant advantage for many retail concepts. The lease price will be determined based on the specific build-out and tenant requirements. This is an ideal opportunity for developers or businesses seeking a strategic location in a thriving commercial area to construct a property tailored to their exact specifications. The property's location offers significant potential for high foot traffic and strong returns on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional retail land offering.

• CAP approach

  CAP return

  Valuation

  6%

  $6,012,836

  6.5%

  $5,550,310

  7%

  $5,153,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,632,313

  Geo Method

  $5,632,313

• Alternative Use

  Use

  Valuation

  Residential

  $4,681,894

  Hospitality

  $4,288,590

  Educational

  $3,568,056

  Medical

  $3,690,768

  Retail

  $5,550,310

Location Insight

City

Dearborn Heights

County

Wayne

State

Michigan

Latitude

42.2694

Longitude

-83.2822

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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