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Property summary
The property is a 6,500-square-foot, single-story former bank branch constructed in 1957, situated on a 1.00-acre, hard-corner lot at the signalized intersection of Telegraph Rd and Sheridan St in Dearborn. The site includes drive-thru infrastructure and provides 60 surface parking spaces, with frontage of approximately 363 feet along Telegraph Rd and about 140 feet along Sheridan St on the east side (“going-to-work”) of Telegraph Rd. The building footprint is well-defined for reuse or redevelopment, subject to the City of Dearborn BA zoning. The property is located in a densely developed, established retail and commercial corridor, less than 1/2 mile north of Ford Rd, and the existing layout and site features support potential conversion to retail, restaurant, medical, or office use, subject to applicable zoning and approvals.
Property profile
VerifiedCap rate & NOI
Current use
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Bank Loan Service
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
RESIDENTIAL DISTRICTS[1] ARTICLE 11.00 - R-P, RESIDENTIAL 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 -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BA · Dearborn, MIRESIDENTIAL DISTRICTS[1] ARTICLE 11.00 - R-P, RESIDENTIAL 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 -…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
RESIDENTIAL DISTRICTS[1] ARTICLE 11.00 - R-P, RESIDENTIAL 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 -…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BA in Dearborn, MI.
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