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$1,000,000
Est. payment /mo
8,990 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,990 sqft
Price per Sqft $111
Municipality Dearborn City
Subdivision Dearborn City
MLS Listing ID 20261042448
Year Built 1927
Annual Tax Amount $5,188
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 200x180
Source Realcomp
Property Description
Prime Downtown Dearborn Multifamily Opportunity – Exceptional Value-Add InvestmentLocated in the heart of Downtown Dearborn, this rare redevelopment opportunity offers tremendous upside for investors and developers alike.100% vacant building ready for immediate renovation and repositioning. Currently framed for 20 units with the potential to reconfigure into 10 spacious two-bedroom units. Electrical infrastructure has already been installed, and the majority of windows are in good condition. This property offers a blank slate for redevelopment in a market with strong rental demand and continued growth.Ideally situated just steps from The Great Commoner and Le Cigar Lounge, with walkable access to restaurants, coffee shops, retail, and entertainment throughout Downtown Dearborn.Excellent opportunity for developers, investors, and operators seeking to create a boutique apartment community, workforce housing project, or modern multifamily asset in a prime location.BATVAI. All information deemed reliable but not guaranteed. Buyer and Buyer's Agent to Verify All Information.
Location
State MI
County Wayne
Zoning Commercial
Direction From Michigan Ave, south on Military St, east on Porter St.
Interior
Heating Radiant
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Dearborn
Others
Tax ID 32820922317019
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Listed by Own It Realty
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