This property represents a prime investment and or user opportunity due to its strategic location on heavily trafficked Telegraph Road, where traffic counts exceed 50,000 cars per day. The area is densely populated with a strong mix of national retailers. Property offers excellent visibility & signage opportunity. With 40 on-site parking spaces, the property is well-equipped for businesses that require customer parking, making it a valuable asset for both current and future users. Currently operating as a pawn shop, the owners are offering the pawn license for an additional $200,000, which could be an appealing option for someone looking to continue or expand the business. Alternatively, the owners are also open to selling the business while providing a leaseback arrangement. Furthermore, there is a current Billboard on-site generating additional income (Billboard agreement is currently on a month-month basis). This property’s potential is amplified by its location, which could serve a wide variety of businesses beyond a pawn shop, depending on the investor's or buyer's goals. Whether you’re interested in maintaining the pawn shop operation, rebranding it, or repurposing the space for retail, office, or service use, the high traffic volume and ample parking offer significant flexibility.
General Information
Sale Price: $1,000,000
Price/SqFt: $316
Status: Active
MLS#: rcomi20250007361
City: dearborn heights
Post Office: dearborn heights
Schools: dearborn heights
County: Wayne
Acres: 0.4
Lot Dimensions: 140.00 x 122.90
Size: 3,160 sq.ft.
Acreage: 0.4 est.
Year Built: 1954
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $7,826 Est. Winter Taxes: $4,079
