Opportunity Zone Investment

10,782 SF across three commercial buildings

Property Type

Multi-Parcel Commercial Investment

Building Size

10,782 SF across three buildings

Seven parcels total

Status

For Sale

Price

$2,800,000

Seven Parcels, Three Commercial Buildings

Opportunity Zone On Michigan Avenue

Seven parcels offered together at $2,800,000
15340 Michigan Avenue: 6,490 SF, with a large lobby and waiting area, approximately six offices or exam rooms, a conference room, an open work area, and a storage room
15324 Michigan Avenue: 2,791 SF
15320 Michigan Avenue: 1,501 SF, with a reception area, office space, and a large attached garage or storage area
Four additional parcels: 15300, 15308, and 15312 Michigan Avenue, plus 4525 Walwit
Zoned BB Community Business District, with VP Vehicular Parking at 4525 Walwit
Forced air heating at 15320 and 15340; municipal water and sanitary sewer
Designated parking with Michigan Avenue exposure
Located in a designated Opportunity Zone
Established cash flow, with financials available under NDA

A seven-parcel commercial offering along Michigan Avenue in Dearborn is available at $2,800,000. Three commercial buildings are included, at 15320, 15324, and 15340 Michigan Avenue, totaling 10,782 square feet, along with four additional parcels at 15300, 15308, and 15312 Michigan Avenue and 4525 Walwit.

The offering is framed for an investor or an owner user. Cash flow is described as established, with financials available under a non-disclosure agreement. Zoning is BB Community Business District, with VP Vehicular Parking on the Walwit parcel, and the property sits in a designated Opportunity Zone with designated parking and Michigan Avenue exposure.

Financials, rent roll, and tenancy detail are available from the listing agent under a non-disclosure agreement. Opportunity Zone designation is stated in the offering materials; tax treatment depends on current law and a buyer’s own position and should be reviewed with a qualified tax advisor. Any redevelopment, change of use, or reconfiguration across the parcels is subject to City of Dearborn approval, and all property details, uses, and plans are subject to independent verification.

Income Plus Land Control

Room for redevelopment, subject to approvals

Contiguous parcel count is the structural advantage here. A buyer acquires three operating commercial buildings and four additional parcels in one transaction along the same Michigan Avenue stretch, rather than negotiating with separate owners over years to assemble the same position. The three buildings carry established cash flow per the offering materials, so the holding period is funded while a longer-term plan for the site takes shape.

That combination suits two different buyers without compromise. An investor acquires income with land control and an Opportunity Zone designation attached to the site. An owner user occupies the 15340 building, which carries a lobby and waiting area, approximately six offices or exam rooms, a conference room, an open work area, and storage, while the remaining buildings and parcels continue to perform. Any redevelopment or change of parcel use requires City of Dearborn approval.

Three commercial buildings totaling 10,782 SF
Four additional parcels in the same Michigan Avenue grouping
Established cash flow per the offering materials, financials under NDA
Investment or owner-user paths both supported
15340 configured with lobby, offices or exam rooms, conference room, and storage
15320 carrying reception, office space, and a large attached garage
BB Community Business District zoning along the corridor
Designated parking with Michigan Avenue exposure
Located in a designated Opportunity Zone
Room for redevelopment and flexible parcel use, subject to City of Dearborn approval

Why This Space Matters

Property Features

The offering groups seven parcels along Michigan Avenue in Dearborn. Three carry commercial buildings: 15340 at 6,490 square feet, 15324 at 2,791 square feet, and 15320 at 1,501 square feet, totaling 10,782 square feet. Four more parcels at 15300, 15308, and 15312 Michigan Avenue and 4525 Walwit are included in the sale, with improvement detail available from the listing agent.

Zoning across the Michigan Avenue parcels is BB Community Business District, with VP Vehicular Parking applying at 4525 Walwit, which shapes what that parcel can support. Buildings at 15320 and 15340 carry forced air heating, and the property is served by municipal water and sanitary sewer. Redevelopment and any change of parcel use are subject to City of Dearborn approval.

Seven Parcels In One Transaction

Three operating buildings and four additional parcels transfer together along the same Michigan Avenue stretch. Assembling an equivalent position parcel by parcel takes years and multiple sellers, and neither outcome is guaranteed.

Established Cash Flow In Place

The offering materials describe cash flow as established, with financials available under a non-disclosure agreement. Rent roll, occupancy, and tenancy detail come from the listing agent, and no income figure is published here.

Opportunity Zone Designation

The property is located in a designated Opportunity Zone per the offering materials. What that means for a specific buyer depends on current law and their own tax position, and should be reviewed with a qualified tax advisor.

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15340 Michigan Avenue, Dearborn, MI

Seven-parcel commercial offering at 15340 Michigan Avenue, Dearborn, MI, priced at $2,800,000
Three commercial buildings totaling 10,782 SF: 15340 at 6,490 SF, 15324 at 2,791 SF, and 15320 at 1,501 SF
Four additional parcels included: 15300, 15308, and 15312 Michigan Avenue, plus 4525 Walwit
15340 carries a large lobby and waiting area, approximately six offices or exam rooms, a conference room, an open work area, and a storage room
15320 carries a reception area, office space, and a large attached garage or storage area
Zoned BB Community Business District, with VP Vehicular Parking at 4525 Walwit
Forced air heating at 15320 and 15340, with municipal water and sanitary sewer
Established cash flow per the offering materials; financials available under a non-disclosure agreement
Located in a designated Opportunity Zone; tax treatment to be reviewed with a qualified tax advisor
Designated parking with Michigan Avenue exposure; redevelopment and parcel use subject to City of Dearborn approval and independent verification