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    OFF-MARKET
    Banks

    3461 Telegraph Rd, Dearborn, MI 48124-3243

    1,791 SF 0.36 ac lot Built 1950
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-5258168
    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
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Alm Management LLC · 1 yrs held
    Alm Management LLC
    since 2024
    Last sale
    $805,000
    3 recorded transactions
    2024
    $805,000
    2021
    $450,000
    2018
    Zoning & alternative use
    BB · Dearborn, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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