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Property profile & analytics
OFF-MARKET Estimated value $905,000
Outlet malls

25708 Michigan Ave Dearborn Heights, MI 48125-1040

7,029 SF 0.7 ac lot Built 1959
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US43-5174653
Property summary
AI-generated overview

This single-tenant, 7,200 square foot office building at 25708 Michigan Ave in Dearborn Heights, MI 48125, presents a unique investment opportunity. Built in 1959 and renovated in 2015, the property boasts a prime location at a busy intersection directly across from a high-traffic Home Depot, ensuring excellent visibility and foot traffic. Its proximity to the local police station and courthouse provides a secure and desirable environment for various businesses. The building's history as a rental space adds to its versatility. Furthermore, the planned development of an adjacent retail plaza and car wash promises increased customer flow and synergistic opportunities for future tenants. This one-story building offers a traditional office layout, suitable for medical or creative office uses as well. The property's strategic location and the potential for increased foot traffic from neighboring developments make it an attractive option for businesses seeking a high-visibility location in a thriving commercial area. The single-tenant occupancy provides flexibility and control for the owner. This is an exceptional opportunity to acquire a well-located, renovated office building with significant growth potential.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1959
Total area 7,029 SF
Lot 0.7 ac (30,492 SF)
Zoning code C-1
APN 33 036 02 0057 002
UPID US43-5174653
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.03M
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$905k
Owner & transaction history
L&j Rental Property LLC · 4 yrs held
L&j Rental Property LLC
since 2022
Last sale
$805,000
1 recorded transaction
2022
$805,000
Zoning & alternative use
C-1 · Dearborn Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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