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Financial
Distress signals
Property profile

1842 Monroe St Dearborn, MI 48124

OFF-MARKET
Turn key restaurants
Property ID
US43-1738665
785 SF 0.05 ac lot Built 1936
Last sale May 2015 · $90,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional opportunity presents a thriving, owner-operated deli located at 1842 Monroe St, Dearborn, MI 48124. The property, built in 1936, boasts a single-story building with approximately 900-1000 square feet of space situated on a lot ranging from 5,000 to 7,000 square feet. Currently operating at 100% occupancy with a gross lease, this restaurant presents a compelling investment with a 27% cap rate. The asking price is $450,000, which includes the real estate. The business is SBA…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$61k
Effective rate5.45%

Value estimate

· Oct 2026
$210k
$189k – $231k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$143/SF
Submarket average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$86 – $190
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BB
SIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, R-D, AND R-E MULTIPLE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 13.00 - O-S, BUSINESS ...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Daycare Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Daycare Center11.6
Electrical Service11.1
Kitchen & Bath10.9

Location

1842 Monroe St Dearborn, MI 48124-2925
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
23916 Michigan, Dearborn, MI 48124-1833 $400,000 Apr 2025 1,540 SF
23920 Michigan, Dearborn, MI 48124-1833 $400,000 Apr 2025 1,660 SF
3431 Telegraph, Dearborn, MI 48124-3243 $805,000 Sep 2024 1,750 SF
3419 Telegraph, Dearborn, MI 48124-3243 $180,000 Oct 2023 1,200 SF
3423 Telegraph, Dearborn, MI 48124-3243 $108,000 Aug 2023 1,400 SF
23785 Michigan, Dearborn, MI 48124-1822 $500,000 Aug 2021 1,711 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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