Property profile & analytics
18900 Michigan Ave Dearborn, MI 48126-3929
- Office buildings
- 127,391 SF
- 1.79 lot acres
OFF-MARKET
Last Sale
May 03, 2023
May 03, 2023
Value Estimations
$12,320,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-1920984
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
- Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
- Chauhan Bharat J DDS / Dental Office
- Auntie Anne's / Bakery / Specialty Food Shop
- Spencer's / (Bike/Boat/Book/etc) Store
- Victoria's Secret & PINK by Victoria's Secret / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
Property Details for 18900 Michigan Ave
- Year built
- 1977
- Lot size
- 1.79 lot acres
- Property size
- 127,391 SF
- Zone code
- BC
- Property type
- Office buildings
- APN
- 82 09 144 01 023
- APU
- 820914401023
Description
This exceptional single-tenant retail property, located at 18900 Michigan Ave in Dearborn, Michigan, presents a significant investment opportunity. The property encompasses a substantial 259,000 square feet on a 4.895-acre lot, zoned BC in Wayne County (zip code 48126). Its prime location within the Fairlane Town Center offers unparalleled visibility and accessibility. The property benefits from its proximity to major landmarks, including the Ford Motor Company World Headquarters, Henry Ford Community College, the University of Michigan-Dearborn campus, Downtown Dearborn, the Henry Ford Museum, and Greenfield Village. This strategic positioning ensures high foot traffic and strong brand recognition. Existing anchors such as Macy's and JCPenney further enhance the property's desirability and draw significant consumer traffic to the area. The property's size and location make it suitable for a wide range of retail uses, offering substantial potential for redevelopment and significant return on investment. This is a rare opportunity to acquire a substantial retail space in a high-traffic, established commercial center. The property's scale and location within a thriving community make it an exceptional investment prospect.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,320,000
- AI Estimate
- $12,320,000
Market price range: $9.83M - $23.3MMarket price range: $9.83M - $23.3M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $16,380,000 Current use
- RESTAURANT
- $18,210,000 Change: +11% Conversion: Moderate
- RETAIL STORES
- $13,780,000 Change: -16% Conversion: Moderate
- MEDICAL BUILDING
- $13,400,000 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
- -83.2245
- Latitude
- 42.3165
- 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
$324,557
$0.00
$0.00
$5,168,800
-
$0.00
$0.00
$10,337,600
