$1,000,000
UNDER CONTRACT

Estimated payment $5,881/month

Total Views 906
-- Bed
-- Bath
8,990 Sq Ft
$111 Price per Sq Ft

About This Home

Prime Downtown Dearborn Multifamily Opportunity – Exceptional Value-Add Investment Located 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.

Listing Agent

Haijar Habbas-Nimer

Own It Realty License #6501463535 Listed on: 06/08/2026

Property Details

Property Type

  • Other

Est. Annual Taxes

Year Built

  • Built in 1927

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 200x180
  • Zoning described as Commercial

Home Design

  • 8,990 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System

Community Details

  • 10 Units
  • A Wagner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 32820922317019

Property Details

Property Type

Other

Est. Annual Taxes

$5,188

Year Built

Built in 1927

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: CommercialSale
  • Year Built: 1927
  • Current Use: Commercial
  • State Equalized Value: 82200.00
  • Property Sub Type: BusinessandRealEstate
  • LotSizeAcres: 0.17
  • Co List Office Mls Id: 399147
  • Above Grade Finished Sq Ft: 8990.00
  • Living Area: 8990.00
  • ClassName: CommercialSale
  • Special Features: UnderContract

Interior Features

  • Fireplace: No
  • Basement: No

Exterior Features

  • Waterfront: No
  • Construction Materials: Brick
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: No

Utilities

  • Heating: NaturalGas, Radiant
  • Sewer: PublicSewer
  • Water Source: Public

Schools

  • Junior High Dist: Dearborn

Lot Info

  • Lot Dimensions: 200x180
  • Parcel Number: 32820922317019
  • Land Lease Expiration Date: 2026-07-30
  • Zoning Description: Commercial

Tax Info

  • Tax Amount Summer: 4575.00
  • Tax Amount Winter: 613.00
  • Tax Annual Amount: 5188.00

Multi Family

  • Number Of Units Total: 10
  • Above Grade Finished Area Units: SquareFeet

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/08/2026 06/08/26 For Sale $1,000,000 0.0% $111 / Sq Ft
01/16/2026 01/16/26 Price Changed $850 -15.0% $2 / Sq Ft
09/19/2025 09/19/25 Price Changed $1,000 +29.0% $2 / Sq Ft
11/08/2023 11/08/23 Price Changed $775 -8.8% $2 / Sq Ft
11/04/2023 11/04/23 For Rent $850 -- --
Source: Realcomp

Source: Realcomp

MLS Number: 20261042448

Realcomp
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