Redevelopment - 1.67 Acres Michigan Ave. Dearborn Heights

Retail-Commercial for Sale
Also listed as Vacant Land
Catylist Listing ID: 30851701
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Building Size (RSF): 23,000 SF
Gross Land Area: 1.67 Acres
Sale Price: $975,000
Unit Price: $42.39 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/15/2023

Overview / Comments

This is commercial corner site is located just west of Telegraph Rd and is ready for development. It has 373 feet of frontage and great visibility in a very desirable location across from Home Depot and Dearborn Heights municipal offices. Planet Fitness, Taco Bell, Tim Hortons, Bob Evans and many other retails are close by.

Michigan Ave. average daily traffic is 38,400.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Dearborn
Tax ID/APN: 33-036-02-0053-002
Zoning: C-3
Property Visibility: Excellent
Feet of Frontage: 373
Traffic/Vehicle Count: 38,400
Zoning Description: C-2 Commercial
Lot Frontage: 373
Lot Depth: 186
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 20D53B TO 57A W 35FT OF LOT 53 ALSO LOTS 54 55 AND 56 ALSO E 38FT OF LOT 57 VOLKS DEARBORN HILLS ANNEX SUB T2S R10E L72 P14, 15 WCR

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,408 146,922 387,066
Median Age: 37.69 38.08 37.56
Households: 7,016 57,562 151,334


Photograph of Listing Agent

Terrance W. Bixler

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