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Investment Highlights
- 6,500 SF free-standing former bank branch on 1.00 acre
- High-visibility location with 54,690 daily traffic counts
- Conveniently located at a signalized intersection on the “going-to-work” side
- Hard corner of Telegraph Rd & Sheridan St
- 363 ft frontage on Telegraph Rd; 140 ft on Sheridan St
- Drive-thru in place; single-tenant
Executive Summary
Rare opportunity to acquire a ±6,500 SF free-standing former bank branch on a 1.00-acre hard-corner site at the signalized intersection of Telegraph Rd and
Sheridan St in Dearborn. The site features 363 ft of frontage on Telegraph Rd — one of metro Detroit’s busiest north/south arterials — plus 140 ft on Sheridan St, on the east (“going-to-work”) side of Telegraph and less than ¾ mile north of Ford Rd. The single-story building was built in 1957 and most recently operated as a Comerica Bank branch. Drive-thru infrastructure is in place and the site offers 60 surface parking spaces (9.23/1,000 SF). Ideal for owner-user, redevelopment, or repositioning for retail, restaurant, medical, or office use, subject to City of Dearborn BA zoning.
Prime hard northeast corner at Telegraph Rd & Sheridan St, less than 3/4 mile north of Ford Rd on the morning “going-to-work” (east) side of Telegraph Rd. Located within a densely developed, well-established retail and commercial corridor in Dearborn, Wayne County. The site offers approximately 363 feet of frontage along Telegraph Rd, plus an additional 140 feet on Sheridan Rd, providing outstanding visibility, access, and exposure.
Sheridan St in Dearborn. The site features 363 ft of frontage on Telegraph Rd — one of metro Detroit’s busiest north/south arterials — plus 140 ft on Sheridan St, on the east (“going-to-work”) side of Telegraph and less than ¾ mile north of Ford Rd. The single-story building was built in 1957 and most recently operated as a Comerica Bank branch. Drive-thru infrastructure is in place and the site offers 60 surface parking spaces (9.23/1,000 SF). Ideal for owner-user, redevelopment, or repositioning for retail, restaurant, medical, or office use, subject to City of Dearborn BA zoning.
Prime hard northeast corner at Telegraph Rd & Sheridan St, less than 3/4 mile north of Ford Rd on the morning “going-to-work” (east) side of Telegraph Rd. Located within a densely developed, well-established retail and commercial corridor in Dearborn, Wayne County. The site offers approximately 363 feet of frontage along Telegraph Rd, plus an additional 140 feet on Sheridan Rd, providing outstanding visibility, access, and exposure.
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Bank
Building Size
6,500 SF
Building Class
C
Year Built
1957
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.00 AC
Zoning
BA
Parking
60 Spaces (9.23 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 82-09-163-07-004 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $998,231 CAD |
Property Taxes
Parcel Number
82-09-163-07-004
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$998,231 CAD
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850 N Telegraph Rd
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