Property profile

24325 Michigan Ave Dearborn, MI 48124

OFF-MARKET
Drive through restaurants
Property ID
US43-5265910
2,306 SF 0.74 ac lot Built 2004
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2004
Construction FRAME
Total area 2,306 SF
Lot 0.74 ac (32,234 SF)
Zoning code BC
APN 82 11 204 10 008
UPID US43-5265910

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

24325 Michigan Ave Dearborn, MI 48124-1827
Dearborn metro Census 574900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2013
Price N/A
2010
Price N/A

Zoning & alternative use

BC · Dearborn, MI
Zoning description

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 - B-B, COMMUNITY BUSINESS DISTRICT[1] ARTICLE 16.00 - B…

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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