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 |
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 |
|
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