Dearborn, Michigan, is a prime location for investing in retail properties, offering a unique blend of history, culture, and economic growth. With a diverse population of around 100,000 residents, Dearborn presents a promising opportunity for businesses to thrive. Retail properties in Dearborn can represent a wide range of investments, from strip centers and shopping malls to freestanding buildings and restaurants. The city's strong infrastructure, including the Dearborn Ice Skating Center, the Dearborn Civic Center, and the John D. Dingell Transit Center, makes it an attractive location for businesses and residents alike. Additionally, Dearborn is home to the University of Michigan campus, Henry Ford College, and the largest mosque in North America, further enhancing its appeal. The city's geography, with the Rouge River running through it and featuring an artificial waterfall constructed by Henry Ford, adds to its charm. With major corporations like Ford Motor Company, Beaumont Health, Visteon, and Carhartt based in Dearborn, the city is an ideal location for businesses to establish themselves.
With 15 retail properties for sale in Dearborn, investors have a wide range of options to choose from. The average price per square foot for retail properties in Dearborn is $225 USD, with an average size of 13,111 square feet. The largest retail property available is 115,938 square feet. In addition to retail properties, Dearborn also offers shopping centers, restaurants, office properties, and hotels, each with its unique characteristics and investment opportunities. Shopping centers in Dearborn offer a convenient location for residents and visitors, while restaurants benefit from the city's diverse cultural scene. Office properties in Dearborn are ideal for businesses looking to establish themselves in a thriving economic hub, and hotels cater to the city's growing tourism industry. With its rich history, cultural attractions, and economic growth, Dearborn is an excellent location for businesses to invest in retail properties.
What is the average cap rate for retail properties in Dearborn?
When it comes to retail properties in Dearborn, investors can expect an average cap rate of 6.75%, which is a key metric to consider when evaluating potential investments. To better understand the significance of this rate, it's essential to know what is a cap rate, which is a measure of a property's potential return on investment, and you can learn more about it in our article at what is a cap rate.
How do location and foot traffic affect retail property values?
In Dearborn, Michigan, the location of a retail property plays a significant role in determining its value, with properties situated near major transportation facilities, such as the John D. Dingell Transit Center and the Michigan Department of Transportation Michigan Line, tend to attract higher foot traffic and command higher prices. For instance, retail properties near the University of Michigan-Dearborn campus and Henry Ford College, which serve a combined student population of around 20,000, may benefit from increased foot traffic and higher property values, with an average price per square foot of $225 USD and an average size of 13,111 square feet.
