Property profile

23908 Michigan Ave Dearborn, MI 48124

OFF-MARKET
Office buildings
Property ID
US43-0975040
1,359 SF 0.04 ac lot Built 1951
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1951
Total area 1,359 SF
Lot 0.04 ac (1,742 SF)
Zoning code BB
APN 82 09 213 01 106
UPID US43-0975040

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
  • Corporate Office
  • Alternative Medicine Practice Spa & Massage Center

Location

23908 Michigan Ave Dearborn, MI 48124-1833
Dearborn metro Census 574900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
$205k

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2018
$80,000
2010
Price N/A
2010
Price N/A

Zoning & alternative use

BB · Dearborn, MI
Zoning description

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 -…

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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