Property profile

23300 Michigan Ave Dearborn, MI 48124

OFF-MARKET
Automotive properties
Property ID
US43-0995348
26,916 SF 3.29 ac lot Built 1965
Entity Owned 1-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1965
Total area 26,916 SF
Lot 3.29 ac (143,312 SF)
Zoning code BC
APN 82 09 214 01 002
UPID US43-0995348

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
  • Auto Repair Shop
  • Corporate Office
  • Car Dealership Auto Repair Shop
  • Car Dealership

Location

23300 Michigan Ave Dearborn, MI 48124-2030
Dearborn metro Census 574900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.16M
Blend (final) Blend
$3.16M

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2013
Price N/A
2012
Price N/A
2012
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
Top alternative use upside
Office building $4.0M +106.0%
Restaurant $3.9M +99.3%
Retail stores $3.2M +63.5%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 23300 Michigan Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message