It has been a robust year for commercial property sales in the Dearborn/Dearborn Heights area. In the past 6 months, 54 buildings have sold with an average sales price of $128.00 per square foot. However, that is down from the prior 6 months with 72 buildings sold with an average price per square foot of $136.00. We can attribute this slow down to rising interest rates and evolving economic conditions. Despite the recent headwinds faced, we were able to complete a number of these notable transactions in the Dearborn/Dearborn Heights area this past year, some of them are:
- 13,500 SF Office Building in West Dearborn
- 9,000 SF Medical Building in East Dearborn
- Net Leased Aaron’s Rental in Dearborn Heights
- 26 Unit Apartment Building in Dearborn (Under Contract)
The market is changing, and it is important to work with a broker that understands both ever-evolving market conditions as well as the local market. We have the experience and knowledge to add your property to this list!
Please contact us today at 248-476-8876 or [email protected].