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Financial
Distress signals
Property profile

23930 Michigan Ave Dearborn, MI 48124

FOR SALE
Office buildings
Property ID
US43-0018244
2,586 SF 0.08 ac lot Built 1942
Last sale Jun 2023 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of office units configured for professional and administrative use, including multiple enclosed offices and a dedicated reception area. The interior was renovated in 2020, providing an updated setup for office operations, medical use, or administrative functions. On-site parking is available for employees and visitors. The location is 23930 Michigan Avenue in Dearborn, with access to major roads and nearby commercial services. Zoning is identified as Commercial and Office.

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?
$7k
Tax billed · 2023
Assessed value · 2024$131k
Effective rate5.23%

Value estimate

· Oct 2026
$445k
$401k – $490k
NOI build-up
Gross scheduled income$49k
Vacancy & credit loss−$11k
Operating expenses−$9k
NOI · 5.82% cap applied$28k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$148/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$102 – $174
Qualifying comparables9

Cap rate analysis

How does the asset earn?
5.82%
$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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

23930 Michigan Ave Dearborn, MI 48124
County assessor Recorded deeds · 7 transfers 9 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
24736 Michigan, Dearborn, MI 48124-1750 $300,000 Jul 2024 2,772 SF
22065 Outer, Dearborn, MI 48124-3931 $200,000 May 2023 2,488 SF
22005 Outer, Dearborn, MI 48124-3931 $400,000 May 2023 3,160 SF
22015 Outer, Dearborn, MI 48124-3931 $400,000 May 2023 3,176 SF
2330 Monroe, Dearborn, MI 48124-3010 $400,000 Mar 2022 2,400 SF
23054 Cherry Hl, Dearborn, MI 48124-1066 $525,000 Oct 2020 3,208 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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