13975 Michigan Ave, Dearborn, MI 48126
This exceptional mixed-use property, located at 13975 Michigan Avenue in Dearborn, Michigan, presents a unique investment opportunity. Boasting a total of 12,600 square feet across three stories, this 1948-built building sits on a 7,000 square foot lot and is zoned for commercial use. The ground floor offers 4,200 square feet of commercial space, perfect for a variety of businesses, and includes ample parking. The upper two floors, each exceeding 4,200 square feet, are zoned for residential use, providing significant potential for rental income or personal use. Architectural plans and prints are included in the asking price of $1,150,000 ($91.27 per square foot). A land contract with 0% interest is available. Recent improvements include a new roof and roof hatch, installed less than a year ago. This property offers unparalleled visibility in a prime East Dearborn location, making it an ideal investment for discerning buyers. All measurements are approximate. Don't miss this chance to acquire a well-maintained, high-potential mixed-use property in a thriving Michigan market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.