Property profile

14505 Michigan Ave Dearborn, MI 48126

OFF-MARKET
Automotive properties
Property ID
US43-1013706
19,385 SF 1.46 ac lot Built 1960
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1960
Construction CONCRETE BLOCKS
Total area 19,385 SF
Lot 1.46 ac (63,598 SF)
Zoning code BC
APN 82 10 184 03 024
UPID US43-1013706

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
  • Auto Repair Shop
  • Car Dealership
  • Car Dealership
  • Auto Parts Store

Location

14505 Michigan Ave Dearborn, MI 48126-3438
Dearborn metro Census 574100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.05M
Blend (final) Blend
$540k

Owner & transaction history

since 2021
6 recorded transactions
2021
Price N/A
2020
Price N/A
2019
Price N/A
2009
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
Top alternative use upside
Restaurant $2.8M +99.3%
Office building $2.5M +79.2%
Retail stores $2.1M +50.8%

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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