Property summary
This exceptional three-story, 13,422 square foot Class C office building, constructed in 2004, presents a unique opportunity in the thriving West Dearborn business district. Located at 23756 Michigan Avenue, this property boasts a highly desirable location near a variety of retail, medical, dining, and entertainment options, ensuring convenient access for both employees and clients. The building is zoned BB - Community Business District, offering flexibility for a range of businesses. The property features ample parking with 50 spaces available, and convenient elevator access across all three floors. Currently, there is 8,990 square feet of vacant space available, divisible into units as small as 100 square feet, with a maximum contiguous space of 4,528 square feet. This allows for significant flexibility to accommodate businesses of various sizes and needs. The lot size is 8,890 square feet. The building's multiple tenancy structure provides a diverse and vibrant atmosphere. This is an excellent opportunity to establish a presence in a high-demand area with strong potential for growth. The property's Wayne County location (APN: 82-09-213-01-104) and Dearborn, MI 48124 zip code offer easy access to major transportation routes. This is a turnkey solution for businesses seeking a modern and well-located office space.
Property profile
VerifiedCap rate & NOI
Current use
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Loan Service Bank
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Law Firm Financial Advisor
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Insurance Agency
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Title Company
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Landscaping General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
SIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, 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 -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BB · Dearborn, MISIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, 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 -…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
SIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, 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 -…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BB in Dearborn, MI.
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