Technical
Financial
Distress signals
Property profile

15120 Michigan Ave Dearborn, MI 48126

OFF-MARKET
Medical Office Space
Property ID
US43-1485966
9,377 SF 0.27 ac lot Built 1959
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1959
Total area 9,377 SF
Lot 0.27 ac (11,761 SF)
Zoning code BB
APN 82 10 183 11 007
UPID US43-1485966

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
  • Physician
  • Physician
  • Physician
  • Physician
  • Medical Clinic

Location

15120 Michigan Ave Dearborn, MI 48126-3768
Dearborn metro Census 573400 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
$829k
Blend (final) Blend
$665k

Owner & transaction history

since 2015
2 recorded transactions
2015
$635,000
1969
Price N/A

Zoning & alternative use

BB · Dearborn, MI
Zoning description

SIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, 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 -…

General category COMMERCIAL
Top alternative use upside
Restaurant $1.3M +35.9%
Office building $1.2M +22.2%
Retail stores $1.0M +2.8%

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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