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23954 Michigan Avenue

Dearborn, MI 48124
  • $1,750,000
  • STATUS: Active
  • ON SITE: 70 Days
  • MLS #: 20250007685
UPDATED: 39 min ago
$1,750,000
  • 0
    BEDS
  • 0.61
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,984
    SQFT
  • $251
    $/SQFT
Type:
Commercial
Built:
1958
County:
Area:
Zoning:
Commercial,Multiple,Office
Lot Size Dimensions:
65x 90 Irregular

School Ratings & Info

School District:

Description

Turnkey Investment Opportunity in Dearborns Thriving Commercial Corridor! This 6,984 SF commercial property offers a rare, income-producing opportunity in the heart of Dearborns 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 propertys 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 propertys desirability. Dont miss out on this exceptional investment opportunity in one of Dearborns most sought-after business locations. Schedule your private tour today!

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IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-04-21T13:00:47.663.
www.bhhssnyder.com/homes/160184915
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23954 Michigan Avenue Dearborn, MI 48124

  • Price: $1,750,000
  • Status: Active
  • On Site: 70 Days
  • Updated: 39 min ago
  • MLS #: 20250007685
0
Beds
0
Baths
0
½ Baths
0.61
Acres
6,984
SQFT
$251
$/SQFT
1958
Built
Neighborhood:
Hannan Dearborn Hill No 2
County:
Wayne
Area:
Dearborn
School District:
DEARBORN
Property Description
Turnkey Investment Opportunity in Dearborns Thriving Commercial Corridor! This 6,984 SF commercial property offers a rare, income-producing opportunity in the heart of Dearborns 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 propertys 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 propertys desirability. Dont miss out on this exceptional investment opportunity in one of Dearborns most sought-after business locations. Schedule your private tour today!
Exterior Features

Architecture Level 1 Story Construction Materials Block Foundation Details Slab Lot Size Dimensions 65x 90 Irregular Road Frontage Feet 65 Road Frontage Type Class APaved Waterfront YN No

Interior Features

Sq Ft Main 6984

Property Features

Assessment 0.00 Commercial Type Real Estate Only Existing Lease YN Yes Gross Scheduled Income 112800.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventionalWarranty Deed Net Operating Income 94800.00 Operating Expense 18000.00 Ownership Status Short Sale - NoPrivate Owned Percent Leased 50 Possession Subject To Tenant Rights Postal City Dearborn Protection Period 180 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 11593.0000 Tax Amount Winter 1431.0000 Title Standard (Private) Total Tax 13024.0000 Unparsed Address 23954 MICHIGAN Avenue Water Source Public (Municipal) Zoning CommercialMultipleOffice

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via KW Metro: (248) 288-3500 and Realcomp, ©2025 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-04-21T13:00:47.663.
 
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