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13928 Michigan Ave Dearborn, MI 48126-3523

OFF-MARKET Retail space Google Maps
1,868 SF 0.04 ac lot Built 1931
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$190k
Range $171k – $209k (±10%)
Property ID US43-5195932

Property summary

AI-generated overview

This exceptional 1,868 square foot storefront, located at 13928 Michigan Avenue in Dearborn, Michigan, presents a rare investment opportunity. Built in 1931, this well-maintained single-story building boasts prime frontage on Michigan Avenue, a highly desirable location. The property sits on a 2,000 square foot lot and includes a full basement, offering significant additional storage or potential for expansion. Currently vacant, this property is ready for immediate occupancy by a new tenant. Ample city parking is conveniently located at the rear of the building, providing easy access for customers and employees. The asking price is $349,000. Showings are by appointment only. This property is ideal for a variety of retail uses and represents a strong investment in a thriving Dearborn commercial corridor. The property's excellent condition and prime location make it an attractive prospect for discerning buyers. Don't miss this chance to acquire a piece of Dearborn's vibrant commercial landscape. Contact us today to schedule a viewing.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1931
Total area 1,868 SF
Lot 0.04 ac (1,742 SF)
Zoning code BC
APN 82 10 182 25 032
UPID US43-5195932

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
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2025
3 recorded transactions
2025
$275,000
2025
Price N/A
2012
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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