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Financial
Distress signals
Property profile

22231 Outer Dr Dearborn, MI 48124

OFF-MARKET
Office buildings
Property ID
US43-0404986
3,800 SF 0.26 ac lot Built 1954
Last sale Sep 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a one-story commercial building containing approximately 4,000 square feet of above-grade space, situated on a corner lot in West Dearborn. It is configured for medical or office use and includes an almost 200-square-foot basement area. The site provides 12 assigned parking spaces, two of which are designated handicap accessible, with additional street parking permitted by the city (estimated at 10–15 spaces). The location has a bike score of 50 (bikeable) and a walk score of 59 (somewhat walkable).

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?
$10k
Tax billed · 2023
Assessed value · 2024$191k
Effective rate5.09%

Value estimate

· Oct 2026
$250k
$225k – $275k

Realmo valuation models over county records and 20 qualifying comparable sales.

Recently sold

What actually traded nearby?
$148/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$102 – $174
Qualifying comparables20

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?
BA
RESIDENTIAL DISTRICTS[1] ARTICLE 11.00 - R-P, RESIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, R-D, AND R-E MULTIPLE FAMILY RESIDEN...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.4
Law Firm19.7
Hair Salon15.9

Location

22231 Outer Dr Dearborn, MI 48124-4251
County assessor Recorded deeds · 1 transfer 20 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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
24736 Michigan, Dearborn, MI 48124-1750 $300,000 Jul 2024 2,772 SF
20031 Carlysle, Dearborn, MI 48124-3892 $350,000 Jun 2024 5,325 SF
22015 Outer, Dearborn, MI 48124-3931 $400,000 May 2023 3,176 SF
22005 Outer, Dearborn, MI 48124-3931 $400,000 May 2023 3,160 SF
2314 Monroe, Dearborn, MI 48124-3010 $345,000 Jan 2021 4,166 SF
23054 Cherry Hl, Dearborn, MI 48124-1066 $525,000 Oct 2020 3,208 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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