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Financial
Distress signals
Property profile

23924 Michigan Ave Dearborn, MI 48124

OFF-MARKET
Retail space
Property ID
US43-0405007
1,800 SF 0.04 ac lot Built 1955
Last sale Jun 2026 · $360,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial building is configured with an open floor plan and hardwood flooring, historically used as a martial arts studio. The interior includes approximately 1,240 sq. ft. of open space plus about 168 sq. ft. of enclosed office and utility room space, for a total of roughly 1,408 sq. ft. The property is located on Michigan Avenue at Telegraph in a high-traffic area, with rear access and parking available via city-owned parking. The layout provides an open, flexible tenant environment,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$83k
Effective rate5.19%

Value estimate

· Oct 2026
$115k
$104k – $127k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$117/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$77 – $160
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BB
SIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, R-D, AND R-E MULTIPLE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 13.00 - O-S, BUSINESS ...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon20.2
Spa & Massage19.9
Parking Facility16.3

Location

23924 Michigan Ave Dearborn, MI 48124-1833
County assessor Recorded deeds · 2 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
23920 Michigan, Dearborn, MI 48124-1833 $400,000 Apr 2025 1,660 SF
23916 Michigan, Dearborn, MI 48124-1833 $400,000 Apr 2025 1,540 SF
3431 Telegraph, Dearborn, MI 48124-3243 $805,000 Sep 2024 1,750 SF
23785 Michigan, Dearborn, MI 48124-1822 $500,000 Aug 2021 1,711 SF
22600 Michigan, Dearborn, MI 48124-2116 $715,429 Aug 2021 2,226 SF
24200 Michigan, Dearborn, MI 48124-1836 $405,000 Dec 2018 2,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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