Property profile

23901 Michigan Ave Dearborn, MI 48124

OFF-MARKET
Medical Office Space
Property ID
US43-0382482
1,076 SF 0.06 ac lot Built 1946
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1946
Total area 1,076 SF
Lot 0.06 ac (2,614 SF)
Zoning code BC
APN 82 09 213 03 008
UPID US43-0382482

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
  • Social Service Agency Charitable Organization

Location

23901 Michigan Ave Dearborn, MI 48124-1838
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
$225k

Owner & transaction history

since 2023
1 recorded transaction
2023
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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