Property profile

12921 Michigan Ave Dearborn, MI 48126

OFF-MARKET
Drive through restaurants
Property ID
US43-1593821
3,660 SF 1.15 ac lot Built 1968
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1968
Total area 3,660 SF
Lot 1.15 ac (50,094 SF)
Zoning code BC
APN 82 10 173 08 034
UPID US43-1593821

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gas Station
  • Bakery Specialty Food Shop
  • Grocery & Convenience Store Specialty Food Shop
  • Bakery Specialty Food Shop
  • Currency Exchange Service Atm

Location

12921 Michigan Ave Dearborn, MI 48126-3551
Dearborn metro Census 574100 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
$697k
Blend (final) Blend
$695k

Owner & transaction history

since 2017
5 recorded transactions
2025
Price N/A
2017
$130,000
2011
Price N/A
1969
Price N/A
1969
Price N/A

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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