Property profile

850 North Telegraph Rd Dearborn, MI 48128

FOR SALE
Banks
Property ID
US43-1123675
3,400 SF 1 ac lot Built 1957
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1957
Total area 3,400 SF
Lot 1 ac (43,560 SF)
Zoning code BA
APN 82 09 163 07 004
UPID US43-1123675

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Restaurant

Location

850 North Telegraph Rd Dearborn, MI 48128
Dearborn metro Census 574600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$731k
Blend (final) Blend
$515k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2021
Price N/A
2020
Price N/A
1969
Price N/A

Zoning & alternative use

BA · Dearborn, MI
Zoning description

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 -…

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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