Property profile

3461 Telegraph Rd Dearborn, MI 48124

OFF-MARKET
Banks
Property ID
US43-5258168
1,791 SF 0.36 ac lot Built 1950
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1950
Total area 1,791 SF
Lot 0.36 ac (15,682 SF)
Zoning code BB
APN 82 09 283 11 007
UPID US43-5258168

Cap rate & NOI

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

Location

3461 Telegraph Rd Dearborn, MI 48124-3243
Dearborn metro Census 575300 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
$380k

Owner & transaction history

since 2024
Last sale
$805,000
3 recorded transactions
2024
$805,000
2021
$450,000
2018
Price N/A

Zoning & alternative use

BB · Dearborn, MI
Zoning description

SIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, 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 -…

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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