23946-23948 Michigan Ave - Storefront FOR SALE


Dearborn, MI 48124
$1,650,000 USD
586-243-1843
23946-23948 Michigan Ave, Dearborn, MI for Sale
$1,650,000 USD
Storefront - FOR SALE
1/12
null | Request Cap Rate

23946-23948 Michigan Ave
Dearborn, MI 48124


OVERVIEW

Turnkey Investment Opportunity in Dearborn’s Thriving Commercial Corridor! This 6,984 SF commercial property offers a rare, income-producing opportunity in the heart of Dearborn’s bustling business district. The property features two buildings, a high-visibility billboard, and a private parking lot—perfectly positioned to attract both tenants and customers. The corner building is leased by H&R Block, a long-term tenant with over 30 years of occupancy. They recently renewed their lease, providing a stable and reliable income stream.Additionally, H&R Block leases the prominent billboard above the property, adding to your revenue potential. The second building offers flexible space and can be divided into two additional units, maximizing rental income. Ideal for medical offices, studios, retail shops, or professional services, this property’s versatility appeals to a wide range of businesses. A dedicated parking lot located behind the buildings enhances accessibility for both tenants and customers, further increasing the property’s desirability. Don’t miss out on this exceptional investment opportunity in one of Dearborn’s most sought-after business locations. Schedule your private tour today!

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,623 SF

ZONING

BB, Dearborn

APN/PARCEL ID

32-09-213-01-070,32-09-213-01-071

ASK ABOUT THIS PROPERTY

Todd ZahnDET PropertiesMore Info
586-243-1843

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Todd ZahnDET PropertiesMore Info
586-243-1843

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.