23908 Michigan Ave, Dearborn, MI 48124-1833
This 1,400 square foot executive office building, located at 23908 Michigan Avenue in Dearborn, Michigan, is available for $275,000. The property, built in 1951 and renovated in 1982, is classified as a Class C building and sits on a 0.04-acre lot. It features one story and offers two parking spaces. The zoning is BB. The building's ideal location on Michigan Avenue makes it suitable for a variety of uses, including professional offices, small medical practices, or retail businesses. A significant advantage is the proximity to a large municipal parking lot. This presents a convenient parking solution for clients and employees. Furthermore, an adjacent 1,240 square foot building is also available for purchase, presenting an opportunity for expansion or additional income. The property's price per square foot is $196.43. The Wayne County property's APN is 32-09-213-01-106 and the zip code is 48124. This presents a compelling investment opportunity in a desirable Dearborn location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BB · Dearborn, MIDearborn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.