For Sale
$8,900,000

22611 Michigan Ave Dearborn, MI 48124

Prime Dearborn Retail, 45,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional retail property, located at 22611-22633 Michigan Avenue in the heart of West Dearborn, Michigan (zip code 48124), presents a compelling investment opportunity. The 45,000 square foot building, situated on a prominent location, boasts a General Retail zoning designation, allowing for a wide range of commercial uses. A significant renovation was completed in 2010, ensuring modern functionality and aesthetics. The property includes an estimated 270 parking spaces, providing ample convenience for customers and employees. Currently, the building houses a mix of established businesses, including La Pita Restaurant and Dearborn Music, demonstrating the strong tenant base and potential for continued success. The asking price is $8,900,000, translating to a price per square foot of $197.78. A portion of the building, 5,625 square feet, is also available for lease, offering additional income potential. This property represents a rare chance to acquire a well-established, high-traffic retail center in a thriving Dearborn location. Wayne County's robust economy and the property's prime location make this an attractive investment for discerning buyers seeking a strong return on investment. The property's size, parking availability, and existing tenant base combine to create a truly exceptional opportunity.

Highlights

  • 5,625 SF Available for Lease
  • 45,000 SF Building for Sale, Zoned General Retail
  • 2010 Retrofit, Approx. 270 Parking Spaces
  • $8,900,000 Sale Price ($197.78/SF)
  • Prime West Dearborn Location, near La Pita Restaurant and Dearborn Music.

Property Details for 22611 Michigan Ave

Property type
Retail properties
Square Feet
45,000 SF

Location Insight

City
Dearborn
County
Wayne
State
Michigan
Latitude
42.3028283
Longitude
-83.253528

FAQs

What type of property is this?
Retail property - Prime Dearborn Retail, 45,000 SF
Where is the retail property located?
The property is located at 22611 Michigan Ave Dearborn, MI.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: 5,625 SF Available for Lease; 45,000 SF Building for Sale, Zoned General Retail; 2010 Retrofit, Approx. 270 Parking Spaces
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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22611 Michigan Ave
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