3461 Telegraph Rd, Dearborn, MI 48124-3243
Exceptional investment opportunity in Dearborn, Michigan, presenting a vacant 3,541 square foot retail space ideally situated on heavily trafficked Telegraph Road, boasting over 50,000 vehicles daily. This single-story, 1950-built building sits on a 0.52-acre lot and offers 28 on-site parking spaces, a significant advantage for customers. Previously occupied by a bank, the property features a convenient drive-up window, adding versatility for potential tenants. The asking price is $850,000, translating to $240.05 per square foot. Its location within a densely populated area, surrounded by numerous national retailers, ensures high visibility and strong foot traffic. This property is perfect for a variety of uses, including but not limited to a bank, restaurant, or storefront retail operation. The building's history and existing infrastructure provide a solid foundation for a successful business venture. This is a rare opportunity to acquire a high-traffic retail space in a thriving commercial corridor. The property is currently vacant and ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BB · Dearborn, MIDearborn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.