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    Property profile & analytics

    24140 Frd Rd Dearborn Heights, MI 48127-3231

    • Turn key restaurants
    • 6,071 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-1100877
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • IHOP / Family Restaurant / Breakfast Restaurant

    Property Details for 24140 Frd Rd

    Year built
    1976
    Lot size
    0.32 lot acres
    Property size
    6,071 SF
    Zone code
    C-1
    Property type
    Turn key restaurants
    APN
    33 018 02 0072 002
    APU
    33018020072002

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn Heights
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2745
    Latitude
    42.3272
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,500
    $0.00
    $0.00
    $388,400
    -
    $0.00
    $0.00
    $776,800

    Comparable in this City

    • Value Estimation by Request
      3,120 SF

      24412 Warren St

      RESTAURANT • 3,120 SF
      24412 Warren St, Dearborn Heights, MI 48127-2224
      View Details
    • Value Estimation by Request
      1,700 SF

      25845 Frd Rd

      RESTAURANT • 1,700 SF
      25845 Frd Rd, Dearborn Heights, MI 48127-2934
      View Details
    • Value Estimation by Request
      825 SF

      8316 Telegraph Rd

      RESTAURANT • 825 SF
      8316 Telegraph Rd, Dearborn Heights, MI 48127-1435
      View Details
    • Value Estimation
      $330,000
      3,002 SF

      25032 Warren St

      RESTAURANT • 3,002 SF
      25032 Warren St, Dearborn Heights, MI 48127-2145
      View Details
    • Value Estimation by Request
      2,934 SF

      7010 Telegraph Rd

      RESTAURANT • 2,934 SF
      7010 Telegraph Rd, Dearborn Heights, MI 48127-2247
      View Details
    • Value Estimation by Request
      1,127 SF

      25947 Warren St

      RESTAURANT • 1,127 SF
      25947 Warren St, Dearborn Heights, MI 48127-2017
      View Details

    Similar Nearby for Sale

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      Three Unit Retail Center

      Retail center with Chipotle, Verizon, and Crimson Coward.
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      Turnkey Coffee Shop Business

      Thriving coffee shop in Dearborn Heights for sale.
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      Established Auto Repair Shop

      Collision and auto repair shop on Telegraph Rd for sale.
      6152 N Telegraph Rd, Dearborn Heights, MI 48127
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      Established Business Opportunity on Ford Rd

      Business opportunity in high-traffic area suitable for various uses.
      22738 Ford Rd, Dearborn Heights, MI 48127
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    Similar Nearby for Lease

    • $2,750 /Mo
      8,000 SF

      Dearborn Heights Retail/Office Space

      Prime location suitable for retail, restaurant, hair salon, or office.
      22126 Ford Rd, Dearborn Heights, MI 48127
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    • $3,250 /Mo

      Retail Space on Warren Avenue

      1,600 SF end-cap unit in Dearborn Heights.
      25022 W Warren St, Dearborn Heights, MI 48127
      View Details
    • $3,400 /Mo

      Retail Plaza with Drive-Thru

      New retail plaza with drive-thru, available in 2025.
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      Dearborn Heights Retail/Office Space

      High visibility location suitable for retail, restaurant, or office use.
      22122 Ford Rd, Dearborn Heights, MI 48127
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    • $1,750 /Mo

      Versatile Commercial Building on Warren

      Commercial building in Dearborn Heights, ideal for offices or retail.
      24602 W Warren Ave St, Dearborn Heights, MI 48127
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    • $2,650 /Mo

      Retail Space on Telegraph Road

      Retail space available in Dearborn Heights with prime frontage.
      8125 N Telegraph Rd, Dearborn Heights, MI 48127
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    Property Visit Statistics

    • Visits by month
      19.1k
    • Visitors by month
      12.1k
    • Avg Time on site
      11 min
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    24140 Frd Rd
    Dearborn Heights, MI 48127-3231
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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