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    Property profile & analytics
    OFF-MARKET Estimated value $2,020,000
    Outlet malls

    22611 Michigan Ave, Dearborn, MI 48124-2115

    26,212 SF 0.91 ac lot Built 1969
    Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1706330
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Great Lakes Ace Building Supply Hardware & Home Improvement
    • Resharp Sharpening Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.02M
    Blend (final) Blend
    $2.02M
    Owner & transaction history
    Turfah West Properties LLC · 9 yrs held
    Turfah West Properties LLC
    since 2017
    2 recorded transactions
    2017
    1969
    Zoning & alternative use
    BC · Dearborn, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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