Property profile

23875 Michigan Ave Dearborn, MI 48124

OFF-MARKET
Office buildings
Property ID
US43-0585169
1,560 SF 0.12 ac lot Built 1971
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1971
Total area 1,560 SF
Lot 0.12 ac (5,227 SF)
Zoning code BC
APN 82 09 213 03 007
UPID US43-0585169

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
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Hardware & Home Improvement General Contractor
  • Tech Support Center IT Consulting Firm
  • Recycling Center Waste Management Facility
  • High School Daycare Center

Location

23875 Michigan Ave Dearborn, MI 48124-1805
Dearborn metro Census 574900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2021
Last sale
$235,000
2 recorded transactions
2021
$235,000
2017
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

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
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