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Financial
Distress signals
Property profile

23001 Michigan Ave Dearborn, MI 48124

OFF-MARKET
Outlet malls
Property ID
US43-1431352
28,786 SF 2.88 ac lot Built 1955
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Westborn Mall offers exceptional retail opportunities in Dearborn, Michigan. This single-story property, located at 23001 Michigan Ave, zip code 48124, boasts nearly 184,000 square feet of retail space and provides convenient access to a high-traffic area. The mall features a total of 3 suites, with spaces ranging from a minimum of 3,914 square feet to a maximum contiguous space of 6,200 square feet. Currently, there are multiple units available, ideal for a variety of retail businesses. …

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?
$94k
Tax billed · 2023
Assessed value · 2024$1.53M
Effective rate6.18%

Value estimate

· Oct 2026
$3.75M
$3.37M – $4.12M
Submarket $/SF estimate$3.75M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$117/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$77 – $160

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: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply43.6
Wholesale Shop39.2
Storage Facility24.9

Location

23001 Michigan Ave Dearborn, MI 48124-2011
County assessor Recorded deeds · not on file 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

17 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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