Property profile

15900 Michigan Ave Dearborn, MI 48126

OFF-MARKET
Office buildings
Property ID
US43-5191760
5,019 SF 0.17 ac lot Built 1969
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1969
Total area 5,019 SF
Lot 0.17 ac (7,405 SF)
Zoning code OS
APN 82 09 134 16 011
UPID US43-5191760

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
  • Law Firm
  • Law Firm
  • Title Company
  • Law Firm
  • Gym & Fitness Center

Location

15900 Michigan Ave Dearborn, MI 48126-2973
Dearborn metro Census 574301 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
$910k
Comparable Approach Comparable
$764k
Blend (final) Blend
$800k

Owner & transaction history

since 2022
Last sale
$680,000
1 recorded transaction
2022
$680,000

Zoning & alternative use

OS · Dearborn, MI
Zoning description

ISTRICTS ARTICLE 10.00 - R-A and R-B, ONE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 11.00 - R-P, RESIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, R-D, AND R-E MULTIPLE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 13.00 -…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $1.1M +77.6%
Restaurant $715,000 +11.2%

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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