23954 MICHIGAN AVE Dearborn MI 48124 MLS #20250007685

23954 MICHIGAN AVE
Dearborn, MI, 48124
$1,750,000
Beds
0 Baths
6,984 SqFt
0 Acres
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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!

Property Details

Price:
$1,750,000
MLS #:
20250007685
Status:
Active
Beds:
0
Baths:
0
Address:
23954 MICHIGAN AVE
Type:
Commercial
Subtype:
Real Estate Only
Subdivision:
HANNAN DEARBORN HILL NO 2
Neighborhood:
05093 – Dearborn
City:
Dearborn
Listed Date:
Feb 4, 2025
State:
MI
Finished Sq Ft:
6,984
ZIP:
48124
Year Built:
1958
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I’m a first-generation American with Italian roots. My journey combines family, real estate, and the American dream. Raised in a loving home, I embraced my Italian heritage and studied in Italy before returning to the US. As a mother of four, married for 30 years, my joy is family time. Real estate runs in my blood, inspired by my parents’ success in the industry. I earned my real estate license at 18, learned from a mentor at Century 21, and continued to grow at Remax. In 2022, I became the…

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School District:
Dearborn

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Financial

Net Operating Income
$94,800
Taxes
$13,024

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