13928 Michigan AveDearborn, MI 48126

Property Details for 13928 Michigan Ave

Year built

1931

Lot size

0.04 AC

Property size (Sq ft)

1,868 SF

Zone code

BC

Property type

Retail space

APN

82 10 182 25 032

APU

821018225032

Description

This exceptional 1,868 square foot storefront, located at 13928 Michigan Avenue in Dearborn, Michigan, presents a rare investment opportunity. Built in 1931, this well-maintained single-story building boasts prime frontage on Michigan Avenue, a highly desirable location. The property sits on a 2,000 square foot lot and includes a full basement, offering significant additional storage or potential for expansion. Currently vacant, this property is ready for immediate occupancy by a new tenant. Ample city parking is conveniently located at the rear of the building, providing easy access for customers and employees. The asking price is $349,000. Showings are by appointment only. This property is ideal for a variety of retail uses and represents a strong investment in a thriving Dearborn commercial corridor. The property's excellent condition and prime location make it an attractive prospect for discerning buyers. Don't miss this chance to acquire a piece of Dearborn's vibrant commercial landscape. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $571,120

  6.5%

  $527,187

  7%

  $489,531

• Comparable approach

  Method

  Valuation

  Relative Method

  $440,326

  Geo Method

  $440,326

• Alternative Use

  Use

  Valuation

  Residential

  $444,702

  Hospitality

  $407,345

  Educational

  $338,906

  Medical

  $350,562

  Retail

  $527,187

Location Insight

City

Dearborn

County

Wayne

State

Michigan

Latitude

42.3213

Longitude

-83.18

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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