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    Property profile & analytics
    OFF-MARKET Estimated value $12,320,000
    Office buildings

    18900 Michigan Ave, Dearborn, MI 48126-3929

    127,391 SF 1.79 ac lot Built 1977
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1920984
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1977
    Total area 127,391 SF
    Lot 1.79 ac (77,972 SF)
    Zoning code BC
    APN 82 09 144 01 023
    UPID US43-1920984
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $12.32M
    Blend (final) Blend
    $12.32M
    Owner & transaction history
    Fairlane Town Center Realty Holding · 3 yrs held
    Fairlane Town Center Realty Holding
    since 2023
    3 recorded transactions
    2023
    2022
    2016
    Zoning & alternative use
    BC · Dearborn, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $18.2M +11.2%
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