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    Property profile & analytics

    22600 Michigan Ave Dearborn, MI 48124-2116

    • Grocery and convenience stores
    • 2,226 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $775,000
    Last Sale
    Aug 17, 2021
    $715,429
    Location Intelligence
    Property ID
    US43-1488312
    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

    • Mobil Gas & Mini Mart / Convenience Store / Gas Station
    • ATM / Atm
    • Mobil / Gas Station
    • Bitcoin of America ATM / Atm
    • Athena Bitcoin ATM / Atm / Crypto Atm

    Property Details for 22600 Michigan Ave

    Year built
    1961
    Construction
    CONCRETE BLOCKS
    Lot size
    0.28 lot acres
    Property size
    2,226 SF
    Zone code
    BC
    Property type
    Grocery and convenience stores
    APN
    82 09 214 03 006
    APU
    820921403006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $780,000

    • CAP approach

      CAP return
      Estimation
      6%
      $800,000
      6.5%
      $795,000
      7%
      $715,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $765,000
      Geo Method
      $780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $680,000
      Retail
      $810,000
      Mixed-Use
      $805,000
      Hospitality
      $830,000
      Educational
      $680,000
      Residential Income
      $875,000
      Energy
      $870,000
      Income-Based Land
      $820,000
      Food Service
      $780,000

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2539
    Latitude
    42.3042
    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
    $28,571
    $0.00
    $0.00
    $452,700
    -
    $0.00
    $0.00
    $905,400

    Comparable in this City

    • Value Estimation by Request
      6,459 SF

      2645 Monroe St

      GROCERY, SUPERMARKET • 6,459 SF
      2645 Monroe St, Dearborn, MI 48124-3015
      View Details
    • Value Estimation by Request
      3,307 SF

      3525 Telegraph Rd

      CONVENIENCE STORE • 3,307 SF
      3525 Telegraph Rd, Dearborn, MI 48124-3244
      View Details
    • Value Estimation by Request
      2,940 SF

      3850 Monroe St

      CONVENIENCE STORE • 2,940 SF
      3850 Monroe St, Dearborn, MI 48124-3620
      View Details
    • Value Estimation by Request
      4,359 SF

      24623 Michigan Ave

      CONVENIENCE STORE • 4,359 SF
      24623 Michigan Ave, Dearborn, MI 48124-1741
      View Details
    • Value Estimation by Request
      2,459 SF

      24428 Michigan Ave

      CONVENIENCE STORE • 2,459 SF
      24428 Michigan Ave, Dearborn, MI 48124-1837
      View Details
    • Value Estimation
      $795,000
      2,633 SF

      2731 Monroe St

      CONVENIENCE STORE • 2,633 SF
      2731 Monroe St, Dearborn, MI 48124-3017
      View Details

    Similar Nearby for Sale

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      Modern Commercial Space in Dearborn

      Built in 2022, ideal for restaurant, medical, or retail.
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      Commercial Property on Michigan Avenue

      Commercial property near downtown Dearborn with high visibility and versatile space.
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      Retail Property For Sale

      Retail property available for purchase in Dearborn, Michigan.
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      Restaurant For Sale Downtown Dearborn

      3,077 sq ft restaurant in the heart of Dearborn.
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      Dearborn Heights Stand Alone Building

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      Industrial properties • 4,900 SF
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    Similar Nearby for Lease

    • $12 SF/Yr
      3,620 SF

      Dearborn Retail Center - For Lease

      High-visibility storefront, 3,620 sq ft available.
      2719-2731 Telegraph Rd, Dearborn, MI 48124
      View Details
    • Contact for pricing
      3,914 SF

      Dearborn Retail Space For Rent

      Retail space available in Westborn Mall, Dearborn, Michigan.
      23001-23303 Michigan Ave, Dearborn, MI 48124
      View Details
    • $5,500 /Mo

      West Dearborn Retail Space Available

      Prime retail spaces in West Dearborn's thriving corridor.
      22667 Michigan Ave, Dearborn, MI 48124
      View Details
    • $12 SF/Yr
      3,620 SF

      Retail Space on Telegraph Road

      Retail space available with high traffic and pylon signage.
      2657 S Telegraph Rd, Dearborn, MI 48124
      View Details
    • $13,500 /Mo

      Retail Building in West Dearborn

      Retail space in high-traffic area with private parking.
      22680 Newman St, Dearborn, MI 48124
      View Details
    • $30 SF/Yr
      5,625 SF

      Retail Space in West Dearborn

      Retail building in white box condition, ready for customization.
      22615 Michigan Ave, Dearborn, MI 48124
      View Details

    Property Visit Statistics

    • Visits by month
      13.2k
    • Visitors by month
      12.1k
    • Avg Time on site
      9 min
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    22600 Michigan Ave
    Dearborn, MI 48124-2116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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