15241 Michigan Avenue Avenue Dearborn, MI $ 3,950,000
15241 Michigan Avenue Avenue
$ 3,950,000
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15241 Michigan Avenue Avenue

Dearborn, MI, 48126
$ 3,950,000
Bedrooms-- Baths-- Sq 14,000

Monthly Estimate*

$ 24,643

15241 Michigan Avenue Avenue, Dearborn, MI 48126 - Image 1
15241 Michigan Avenue Avenue, Dearborn, MI 48126 - Image 2
15241 Michigan Avenue Avenue, Dearborn, MI 48126 - Image 3
15241 Michigan Avenue Avenue, Dearborn, MI 48126 - Image 4
15241 Michigan Avenue Avenue, Dearborn, MI 48126 - Image 5

Commercial Property for sale in Dearborn, MI

for $3,950,000. This 14,000 square foot building was built in 1955 on a lot size of 0.45.

Don’t miss this rare opportunity to own a centrally located commercial property in one of Dearborn’s most sought-after high-traffic business districts. Strategically positioned just east of the southeast corner of Michigan Avenue and Greenfield Road, this property offers unbeatable visibility and access in a densely populated, heavily traveled area surrounded by successful retail, office, and service businesses. Located just seconds from the Southfield Freeway (M-39) and I-94, the property is ideally situated for commuters and customers alike. The surrounding area is a thriving, fast-growing multicultural community that continues to attract significant residential and commercial growth. Zoned BB – General Business District in the City of Dearborn, allowing for a wide variety of commercial uses Excellent condition with a recently installed fire suppression system Ample parking on-site, ideal for customer and employee convenience Located in a high-demand retail and office corridor Surrounded by established and successful businesses Exceptional foot and vehicle traffic counts This is a turn-key opportunity for investors, business owners, or developers seeking a premium location with long-term upside. Whether you’re expanding an existing business or launching a new venture, this versatile property offers the visibility, accessibility, and community synergy you need to thrive.

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Commercial Active

Price

$ 3,950,000

Property Type

Commercial

Taxes

$ 37,872

Style

RealEstateOnly

Lot Size

0.45

Year Built

1955

Town/City

Dearborn

County/Region

Wayne

MLS | Web ID

20251043637

Features
General
Sewer PublicSewer
Possession AtClose
Garage Spaces 0.0
Construction Materials Block Stucco
Year Built 1955
Property Subtype RealEstateOnly
Current Use Retail
County Wayne
Net Operating Income 1.0
Operating Expense 1.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name GREENFIELD MANOR
Garage Y/N N
Status Active
Directions Slightly East of Southeast corner of Michigan avenue and Greenfield Rd.
City DearbornCity_Wayne
Senior Community Y/N N
High School District Dearborn
Zoning Description Commercial
MLS Area Area05093Dearborn
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 37872.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 560760
Expected Active Date 2025-10-07
Legal Description LOTS 10 THRU 14 & E 18 FT OF LOT 15 INCLUDING HALF OF THE VACATED ALLEY IN THE REAR THEREOF GREENFIELD MANOR SUB
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Exterior
Water Source Public
Foundation Details Slab
Spa N
Building Area Total 14025.0
Lot Dimensions 119X160
Lot Size Acres 0.45
Waterfront Y/N N
Road Frontage Type ClassA
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 14000.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 15241
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* Excluded Features
List By
Abraham Elsheick

Listing Agent

Empire Realty Group

Broker

(313) 445-6002

Phone

Affordability Calculator

$27,799
Per Month
89%
11%
0%
Monthly Principal & Interest
$24,643
Monthly Property Taxes
$3,156
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848133 Elementary School
848587 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/15/2025$3,950,000 -5.84% Price Down
10/7/2025$4,195,000 Listed Price

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15241 Michigan Avenue Avenue, Dearborn, MI, 48126 is a Commercial Property for sale at $3,950,000 with 14,000 sqft and a lot size of 0.45. 15241 Michigan Avenue Avenue was built in 1955. The property's zip code is 48126 which is in Dearborn, MI