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Additional details
$ 1,750,000
Est. payment /mo
Active
23954 MICHIGAN AVE Dearborn, MI 48124
6,984 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 6,984 sqft
Price per Sqft $250
Subdivision Hannan Dearborn Hill No 2
MLS Listing ID 20250007685
Year Built 1958
Property Sub-Type RealEstateOnly
Property Description
Turnkey Investment Opportunity in Dearborn's Thriving Commercial Corridor! This 6,984 SF commercial property offers a rare, income-producing opportunity in the heart of Dearborn's bustling business district. The property features two buildings, a high-visibility billboard, and a private parking lot—perfectly positioned to attract both tenants and customers. The corner building is leased by H&R Block, a long-term tenant with over 30 years of occupancy. They recently renewed their lease, providing a stable and reliable income stream. Additionally, H&R Block leases the prominent billboard above the property, adding to your revenue potential. The second building offers flexible space and can be divided into two additional units, maximizing rental income. Ideal for medical offices, studios, retail shops, or professional services, this property's versatility appeals to a wide range of businesses. A dedicated parking lot located behind the buildings enhances accessibility for both tenants and customers, further increasing the property's desirability. Don't miss out on this exceptional investment opportunity in one of Dearborn's most sought-after business locations. Schedule your private tour today!
Location
State MI
County Wayne
Area Area05093Dearborn
Exterior
View Y/N No
Building
Foundation Slab
Sewer PublicSewer
Water Public
New Construction No
Schools
School District Dearborn
Others
Senior Community false
Acceptable Financing Cash, Conventional, WarrantyDeed
Listing Terms Cash, Conventional, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
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Listed by Patrick Linsdau of KW Metro