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Property profile & analytics

15900 Michigan Ave Dearborn, MI 48126-2973

  • Office buildings
  • 5,019 SF
  • 0.17 lot acres
OFF-MARKET
Last Sale
Oct 03, 2022
$680,000
Value Estimations
$810,000
Show details
Cap Rate Potential
7.4%
Office buildings
Location Intelligence
Property ID
US43-5191760
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Attorney David E Ghannam / Civil Law Attorney / Estate Planning Attorney
  • Steslicki & Ghannam, PLC / Estate Planning Attorney / Divorce Lawyer
  • Lamont Title / Title Company
  • Smith Bonds & Surety / Bail Bonds Service
  • Pulse Power 20 / Fitness Center

Property Details for 15900 Michigan Ave

Year built
1969
Lot size
0.17 lot acres
Property size
5,019 SF
Zone code
OS
Property type
Office buildings
APN
82 09 134 16 011
APU
820913416011

Description

This exceptional executive office suite, totaling 1,000 square feet, is available for lease at 15900 Michigan Avenue in Dearborn, Michigan, 48126. Located in a well-maintained, two-story building constructed in 1969 and extensively renovated in 2023, this suite offers a highly desirable location across from the Dearborn Police Department and Dearborn District Court, providing excellent visibility and accessibility. The building boasts 7,000 total square feet and features ample parking with 25 surface spaces, supplemented by readily available on-street parking. The suite itself comprises three private offices, a shared waiting room, a reception area, and a bathroom. Benefit from a gross lease, eliminating the need to manage utilities such as electricity, gas, and water. The property sits on a 1.7-acre lot and is zoned OS, offering significant frontage and excellent visibility, further enhanced by the availability of pole signage. Security is ensured with a 24-hour camera system. Ideal for a variety of professional uses, including but not limited to financial advisors, attorneys, CPAs, therapists, and architects. This is a turnkey opportunity in a high-traffic area with exceptional convenience and professional appeal.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $800,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $985,000
    6.5%
    $910,000
    7%
    $845,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $763,000
    Market price range: $387k - $919k
    AI Estimate
    $763,000
    Market price range: $387k - $919k
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $645,000
    Current use
    APARTMENT HOUSE (5+ UNITS)
    $1,145,000
    Change: +78% Conversion: Easy
    RESTAURANT
    $715,000
    Change: +11% Conversion: Moderate
    RETAIL STORES
    $545,000
    Change: -16% Conversion: Moderate
    MEDICAL BUILDING
    $530,000
    Change: -18% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Dearborn
County
Wayne
State
Michigan
Longitude
-83.1993
Latitude
42.3157
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,068
$0.00
$0.00
$320,400
-
$0.00
$0.00
$640,800
More about this property
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