23422 Ford RdDearborn Heights, MI 48127

Property Details for 23422 Ford Rd

Year built

1962

Lot size

0.09 AC

Property size (Sq ft)

2,500 SF

Property type

Medical offices

Property subtype

Medical space

APN

33 021 01 0001 001

APU

33021010001001

Description

This exceptional new construction commercial property, completed in 2022, offers 2,500 square feet of versatile space ideally suited for a single tenant. Located at the high-traffic intersection of Ford Road and Outer Drive in Wayne County, this building boasts unparalleled visibility with over 50,000 vehicles passing daily. The property features a modern design, perfect for traditional office, medical office, executive office, or creative office uses. The building is a two-story structure, although the exact layout and specifications are not detailed here. Six parking spaces are available on-site, providing ample convenience for employees and clients. The property's single-tenant occupancy ensures a private and controlled environment. This is a rare opportunity to secure a brand-new, high-visibility space in a thriving commercial area. The property's strategic location ensures maximum exposure and accessibility, making it an excellent choice for businesses seeking to establish a strong presence in a high-traffic area. The building's modern design and ample parking further enhance its appeal. This is a turnkey solution for businesses seeking a move-in ready space.

• CAP approach

  CAP return

  Valuation

  6%

  $427,970

  6.5%

  $395,049

  7%

  $366,831

• Comparable approach

  Method

  Valuation

  Relative Method

  $233,850

  Geo Method

  $233,850

• Alternative Use

  Use

  Valuation

  Residential

  $489,861

  Hospitality

  $448,710

  Educational

  $373,321

  Medical

  $386,160

  Retail

  $580,722

Location Insight

City

Dearborn Heights

County

Wayne

State

Michigan

Latitude

42.3274

Longitude

-83.2659

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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