Property profile

22611 Michigan Ave Dearborn, MI 48124

OFF-MARKET
Outlet malls
Property ID
US43-1706330
26,212 SF 0.91 ac lot Built 1969
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located at 22611 Michigan Avenue in Dearborn, Michigan, 48124, offers 5,625 square feet of immediately available space within a larger 45,000 square foot building. The space is ideally suited for a variety of retail uses, thanks to its General Retail zoning. The property boasts a total of 270 parking spaces, ensuring ample convenience for customers and employees. While the minimum divisible space is 5,625 square feet, this is also the maximum contiguous space currently available for lease. This presents a unique opportunity for a single tenant seeking a substantial presence on a busy Michigan Avenue corridor. The building is multi-tenant, offering the potential for synergy with complementary businesses. The property's location in Dearborn, Michigan provides excellent access to a large and diverse customer base. The address is easily accessible from major roadways, ensuring high visibility and convenient access for patrons. Interested parties should inquire promptly to secure this prime retail opportunity. The property is ready for immediate occupancy.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1969
Total area 26,212 SF
Lot 0.91 ac (39,640 SF)
Zoning code BC
APN 82 09 214 10 012
UPID US43-1706330

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Hardware & Home Improvement
  • Sharpening Service

Location

22611 Michigan Ave Dearborn, MI 48124-2115
Dearborn metro Census 574900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.02M
Blend (final) Blend
$575k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
1969
Price N/A

Zoning & alternative use

BC · Dearborn, MI
Zoning description

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 BUSINESS DISTRICT[1] ARTICLE 15.00 - B-B, COMMUNITY BUSINESS DISTRICT[1] ARTICLE 16.00 - B…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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