NOT LISTED FOR SALE

Estimated Value: $408,776

Studio
-- Baths
12,277 Sq Ft
$33/Sq Ft Est. Value

Sale Details

Date Sold: August 28, 2024

Last sale price $675,000 $55 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $3,268 / mo

34 Days on Market

About This Home

As of August 2024

Prime Commercial Property at 1825 BAILEY Street, Dearborn
Welcome to 1825 BAILEY Street, an exceptional commercial property nestled in the heart of Dearborn. This prime location offers a unique blend of convenience, accessibility, and potential, making it the perfect choice for your business venture.
Introducing a versatile commercial property featuring a wide-open floorplan designed to accommodate various business needs. This spacious building allows customizable layouts, ensuring maximum efficiency and creativity. Additionally, the property includes a fenced lot, ideal for parking. Perfect for businesses looking to expand or relocate, this property offers both flexibility and practicality in a prime location. Great for medical supply, warehouse, auto parts, storage warehouse and so much more! Don’t miss this opportunity to establish your business in one of Dearborn’s most sought-after commercial locations.

Last Agent to Sell the Property

Sherri Saad

RE/MAX Leading Edge License #6502418620 Listed on: 07/24/2024

RE/MAX Leading Edge

Last Buyer's Agent

Ali T. Charara

Century 21 Curran & Oberski License #6501340600

Century 21 Curran & Oberski

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Other

Year Built

  • Built in 1964

Lot Details

  • 30,056 Sq Ft Lot
  • Lot Dimensions are 94x298x109x301
  • Fenced
  • Zoning described as Commercial

Home Design

  • 12,277 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 32821120410004

Property Details

Property Type

Other

Year Built

Built in 1964

Lot Details

0.69 Acres

Listing Details

  • Property Type: CommercialSale
  • Year Built: 1964
  • Current Use: MiniStorage, MixedUse, Service, Vacant, Warehouse
  • State Equalized Value: 278800.00
  • Property Sub Type: RealEstateOnly
  • LotSizeAcres: 0.69
  • Co List Office Mls Id: 418621
  • Above Grade Finished Sq Ft: 12277.00
  • Living Area: 12277.00
  • ClassName: CommercialSale
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: No

Exterior Features

  • Waterfront: No
  • Foundation Details: Slab
  • Construction Materials: Brick
  • Road Frontage Type: Paved
  • Fencing: Fenced

Utilities

  • Sewer: PublicSewer
  • Water Heater Fuel: NaturalGas
  • Water Source: Public

Schools

  • Junior High Dist: Westwood

Lot Info

  • Lot Size Area: 0.69
  • Lot Dimensions: 94x298x109x301
  • Parcel Number: 32821120410004
  • Zoning Description: Commercial

Tax Info

  • Tax Amount Summer: 15958.00
  • Tax Amount Winter: 3135.00
  • Tax Annual Amount: 19093.00

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2024
Closed on
Aug 28, 2024
Sold by
1825 Bailey Property Llc
Bought by
Seller's Agent
Sherri Saad
RE/MAX Leading Edge
Buyer's Agent
Ali T. Charara
Century 21 Curran & Oberski
List Price
$779,000
Sold Price
$675,000
Premium/Discount to List
-$104,000
-13.35%
Current Estimated Value
$408,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$266,224
Avg. Annual Appreciation
-21.89%

Purchase Details

Closed on
Apr 7, 2023
Sold by
Diversified Medical Llc
Bought by
1825 Bailey Property Llc

Purchase Details

Closed on
Jul 30, 2021
Sold by
Krasity Associates Llc
Bought by
Diversified Medical Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,425
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Crowley Park, MI

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Purchase 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 Buyer Sale Price Title Company
-- None Listed On Document
1825 Bailey Property Llc $320,000 None Listed On Document
Diversified Medical Llc $349,900 Liberty Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $262,425
Previous Owner Krasity Associates Llc $1,100,000
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
08/28/2024 08/28/24 Sold $675,000 -13.4% $55 / Sq Ft
08/27/2024 08/27/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $779,000 -- $63 / Sq Ft
Source: Realcomp

Tax 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.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,161 $201,200 $0 $0
2024 $18,653 $291,900 $0 $0
2023 $15,958 $278,800 $0 $0
2022 $19,645 $287,700 $0 $0
2021 $15,395 $254,000 $0 $0
2019 $13,791 $214,100 $0 $0
2018 $11,210 $211,900 $0 $0
2017 $4,290 $211,900 $0 $0
2011 -- $231,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240053465

Realcomp

APN: 32-11-204-10-004

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