8601 Telegraph Rd, Dearborn Heights, MI 48127-1425
- Strip malls
- 55,250 SF
- 4.84 lot acres
Current Use by Public Records
- Strip malls
Property Details for 8601 Telegraph Rd
- Year built
- 1960
- Lot size
- 4.84 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 33 003 01 0874 300
- APU
- 33003010874300
Description
This exceptional opportunity presents 13,239 square feet of vacant space for lease within the Tel-Joy Shopping Center, a thriving retail hub strategically located at the high-traffic intersection of Telegraph and Joy Roads in Wayne County. The property is zoned C-1, Neighborhood Business District, offering versatile usage options. The building features a mix of former medical, office, and retail spaces, ideal for a variety of businesses seeking a prominent location. Units are available in sizes ranging from a minimum of 1,255 square feet to a maximum contiguous space of 5,000 square feet, allowing for flexibility to accommodate diverse business needs. Multiple tenancy is possible, making it suitable for both single-occupancy and multi-tenant configurations. This prime location ensures high visibility and accessibility, attracting a substantial customer base of both local residents and visitors. The property's convenient location within a bustling retail area provides ample opportunities for businesses to thrive and establish a strong presence in the community. The available space presents a unique chance to secure a well-positioned commercial property in a high-demand area. Interested parties are encouraged to inquire about lease terms and availability.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,222,000
- AI Estimate
- $4,222,000
Market price range: $2.66M - $5.98MMarket price range: $2.66M - $5.98M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $4,395,000 Current use
- COMMERCIAL (GENERAL)
- $6,070,000 Change: +38% Conversion: Easy
- RESTAURANT
- $5,720,000 Change: +30% Conversion: Difficult
- OFFICE BUILDING
- $5,365,000 Change: +22% Conversion: Moderate
- MEDICAL BUILDING
- $5,205,000 Change: +18% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,965,000 Change: -10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Dearborn Heights
- County
- Wayne
- State
- Michigan
- Longitude
- -83.276
- Latitude
- 42.3561
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
