Property profile

12914 Michigan Ave Dearborn, MI 48126

OFF-MARKET
Turn key restaurants
Property ID
US43-1253022
3,705 SF 0.09 ac lot Built 1942
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1942
Total area 3,705 SF
Lot 0.09 ac (3,920 SF)
Zoning code BC
APN 82 10 171 21 008
UPID US43-1253022

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12914 Michigan Ave Dearborn, MI 48126-3552
Dearborn metro Census 574000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$706k
Blend (final) Blend
$1.10M

Owner & transaction history

since 2024
Last sale
$1.0M
7 recorded transactions
2024
$1.0M
2020
$1.0M
2020
$232,500
2020
Price N/A
2018
$195,000
2015
$500,000
2012
$325,000

Zoning & alternative use

BC · Dearborn, MI
Zoning description

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 BUSINESS DISTRICT[1] ARTICLE 15.00 - B-B, COMMUNITY BUSINESS DISTRICT[1] ARTICLE 16.00 - B…

General category COMMERCIAL

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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