Property profile

22101 Michigan Ave Dearborn, MI 48124

FOR LEASE
Banks
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Property ID
US43-1819368
8,478 SF 0.5 ac Built 1930
Last sale Apr 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A freestanding commercial building with an interior layout designed for client-facing uses such as banking, medical, retail, or office. The building is located in Dearborn’s central business district along Michigan Avenue, with frontage on a high-visibility corner position that provides street exposure. The surrounding area is a walkable downtown corridor with a mix of national retailers, restaurants, and professional service businesses, supporting retail-oriented and service-oriented street traffic.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$27k
Tax billed · 2023
Assessed value · 2024$531k
Effective rate5.17%

Value estimate

· Nov 2026
$405k
$365k – $446k
Submarket $/SF estimate$994k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$151/SF
County average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$76 – $215

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?
BC
R-D, AND R-E MULTIPLE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 13.00 - O-S, BUSINESS OFFICE DISTRICT[1] ARTICLE 14.00 - B-A, LOCAL BUSINES...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service11.0
Daycare Center10.4
Kitchen & Bath9.7

Location

22101 Michigan Ave Dearborn, MI 48124
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22680 Newman, Dearborn, MI 48124-1597 $800,000 Apr 2025 4,741 SF
25001 Michigan, Dearborn, MI 48124-1762 $1,300,000 Feb 2023 12,132 SF
1911 Monroe, Dearborn, MI 48124-2916 $300,000 Jan 2022 3,880 SF
24512 Michigan, Dearborn, MI 48124-1711 $440,000 Nov 2021 5,429 SF
24706 Michigan, Dearborn, MI 48124-1750 $400,000 Jun 2020 5,985 SF
2645 Monroe, Dearborn, MI 48124-3015 $650,000 Dec 2018 6,459 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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