21931 Michigan Avenue Dearborn, MI $ 1,500,000
21931 Michigan Avenue
$ 1,500,000
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21931 Michigan Avenue

Dearborn, MI, 48124
$ 1,500,000
Bedrooms-- Baths-- Sq 8,010

Monthly Estimate*

$ 10,360

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Commercial Property for sale in Dearborn, MI

for $1,500,000. This 8,010 square foot building was built in 2019 on a lot size of 0.96.

Fully Built-Out Restaurant with Patio | Approx. 8,010 SF | Downtown West Dearborn. Thriving restaurant for sale. Or bring your own restaurant concept to Downtown West Dearborn with this fully built-out, approximately 8,010 SF restaurant space at 21931 Michigan Avenue in Wagner Place East.? Currently operating as Turkish Village.? This sale includes the complete existing restaurant, buildout, all equipment, furniture, and furnishings.? The space features extensive kitchen equipment, furnished dining areas, distinctive interior finishes, and an outdoor patio with seating included in the offering.? This offering is for the restaurant assets and buildout; real estate is excluded, and rent and occupancy costs are separate.? Lease transfer and any change of concept are subject to landlord approval.? Contact the listing broker for additional details and to schedule a private tour.? Complete restaurant buildout with all equipment and furniture included. Outdoor patio and seating included. Approximately 8,010 SF of first-floor space at Wagner Place East. Michigan Avenue location in Downtown West Dearborn. Extensive kitchen equipment, furnished dining areas, and distinctive interior finishes. Opportunity to introduce a new restaurant concept or expand an existing brand. Real estate excluded. Lease transfer and any change of concept subject to landlord approval.

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Commercial Active

Price

$ 1,500,000

Property Type

Commercial

Taxes

$ 306,881

Style

Business

Lot Size

0.96

Year Built

2019

Town/City

Dearborn

County/Region

Wayne

MLS | Web ID

20261084294

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick
Year Built 2019
Levels One
Property Subtype Business
Current Use Commercial Retail Service
Business Type Commercial Retail
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type BusinessOpportunity
HOA N
Attached Garage N
Garage Y/N N
Status Active
Directions LOCATED ON THE SOUTH SIDE OF MICHIGAN AVE. LOCATED CORNER OF MICHIGAN AVE AND MONROE ST IN DOWNTOWN WEST DEARBORN.
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 306881.0
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 Tenant
Tax Assessed Value 4679095
Expected Active Date 2026-10-16
Legal Description LOTS 1 AND LOT 2 AND THE WESTERLY 10 FEET OF LOT 3 PLAN OF DEARBORNVILLE (EAST SIDE) ACCORDING TO THE PLAT THEREOF AS RECORDED IN LIBER 11 OF DEEDS PAGES 203 AND 204 WAYNE COUNTY RECORDS WAYNE CO
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Exterior
Water Source Public
Spa N
Building Area Total 63706.0
Lot Dimensions 100X200
Lot Size Acres 0.96
Waterfront Y/N N
Road Frontage Type Paved
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 Y
Fireplace Y/N N
Above Grade Finished Area 8010.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 21931
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* Excluded Features
List By
Tarick M Salmaci

Listing Agent

Arg Realty

Broker

(313) 333-0111

Phone

Affordability Calculator

$35,934
Per Month
29%
71%
0%
Monthly Principal & Interest
$10,360
Monthly Property Taxes
$25,573
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/16/2026$1,500,000 Listed Price

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21931 Michigan Avenue, Dearborn, MI, 48124 is a Commercial Property for sale at $1,500,000 with 8,010 sqft and a lot size of 0.96. 21931 Michigan Avenue was built in 2019. The property's zip code is 48124 which is in Dearborn, MI