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    Property profile & analytics
    OFF-MARKET Estimated value $3,745,000
    Outlet malls

    23001 Michigan Ave, Dearborn, MI 48124-2011

    28,786 SF 2.88 ac lot Built 1955
    Entity Owned 18-yr Hold Free & Clear
    Property ID
    US43-1431352
    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. The property is situated in Wayne County, offering excellent visibility and accessibility. Ample parking is available for customers and employees, with a total of 993 parking spaces. The strategic location provides easy access to Downtown Dearborn, Henry Ford College, the University of Michigan-Dearborn, The Henry Ford Museum, Greenfield Village, and Ford Headquarters, ensuring high foot traffic and exposure to a diverse customer base. This prime retail location presents a unique opportunity for businesses seeking to establish or expand their presence in a thriving community. The property's convenient location and ample parking make it an attractive destination for shoppers. Contact us today to learn more about the available spaces and lease terms.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1955
    Total area 28,786 SF
    Lot 2.88 ac (125,453 SF)
    Zoning code BC
    APN 82 09 214 05 003
    UPID US43-1431352
    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
    • Westborn Mall Shopping Center & Mall
    • Marshalls Department Store
    • Lily Banks Florist (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.75M
    Blend (final) Blend
    $3.75M
    Owner & transaction history
    KAY INVESTMENT COMPANY LLC
    KAY INVESTMENT COMPANY LLC
    Zoning & alternative use
    BC · Dearborn, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $4.3M +26.0%
    Restaurant $4.1M +21.9%
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