Light Industrial Flex
10118 Eagle Street, Dearborn, MI 48120
COMMERCIAL - Dearborn, MI
Property size:
4,336 SFLot size:
0.57 AcresPrice / SF:
$184/SF- Added:
- Mar 27, 2026
- Days on Market:
- 103
- Last Refresh:
- Jul 7 at 12:06 pm
Property Features for 10118 Eagle Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Parking
- 30
- Interior features
- Broadband
- Standard status
- Active
- APN
- 32-10-211-02-010
- Size
- 4,336 SF
- Lot size
- 0.57 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 55 & 56 FORDSON LOOP SUB; LOT 57 FORDSON LOOP SUB; LOTS 186 TO 191 CLIPPERTS EAGLE AVE SUB
- Tax Annual Amount
- 4467
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Brick, Stone
Listing agent Adam Rich (734) 673-0385
Listing office KW Advantage 39500 Orchard Hill Pl Ste 100, Novi, MI (248) 380-8800
Listing date Mar 27, 2026
MLS# 26012864
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Light industrial zoning (I‑A) on 0.57 acres across 3 parcels totaling 9 city lots
- 4,336 SF interior space with a 1,700 SF main room plus an 1,800 SF lower level for office or flex use
- Two detached 2‑car garages plus a combined 1,550 SF; heated garages included
- Parking for 30+ on‑site spaces, with 10+ additional adjacent spaces
- Recent updates include newer flooring, all new joists in the main area, and spray foam insulation
- Forced air heating; utilities include cable available; built in 1930
Overview
This light industrial flex building is offered on 0.57 acres across three parcels totaling nine city lots. The property includes 4,336 square feet of interior space with a large 1,700-square-foot main room, a 1,800-square-foot lower level suitable for office or flex use, and supporting areas including restrooms and a kitchenette area. There is plumbing for an additional two fixtures. Recent improvements include newer flooring, all new joists in the main area, spray foam insulation, and heated garages, plus two detached two-car garages that add approximately 1,550 square feet of garage space.
The property is zoned I-A (Light Industrial District). Public remarks identify potential uses consistent with the zoning, including research and technology, clean/light manufacturing, warehousing and distribution, industrial support offices, and utility facilities. Additional zoning details and uses are stated as available upon request. The site is located off Wyoming Ave, with an average daily traffic count of 11,110, and parking is available on-site for 30+ spaces, plus 10+ additional adjacent spaces.
For buyers and operators, the combination of a large main room, an additional lower level that can function as flex or office space, and heated detached garage options can support a range of light industrial and support-oriented operations. With 1-A zoning and a layout that accommodates both work space and ancillary functions, the property also provides a foundation for businesses that need practical on-site flexibility and convenient parking.
The property is zoned I-A (Light Industrial District). Public remarks identify potential uses consistent with the zoning, including research and technology, clean/light manufacturing, warehousing and distribution, industrial support offices, and utility facilities. Additional zoning details and uses are stated as available upon request. The site is located off Wyoming Ave, with an average daily traffic count of 11,110, and parking is available on-site for 30+ spaces, plus 10+ additional adjacent spaces.
For buyers and operators, the combination of a large main room, an additional lower level that can function as flex or office space, and heated detached garage options can support a range of light industrial and support-oriented operations. With 1-A zoning and a layout that accommodates both work space and ancillary functions, the property also provides a foundation for businesses that need practical on-site flexibility and convenient parking.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.2k | $18.96 |
| − Vacancy | −$18.5k | −$4.27 |
| EGI | $63.7k | $14.69 |
| − OpEx | −$15.9k | −$3.67 |
| NOI | $47.8k | $11.02 |
4,336 SF · lease $18.96/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$682.6K
$597.3K – $796.4K
NOI $47,785 @ 7.0% cap · market cap 5.98%
Second Best
Flex RnD
$545.0K
$476.9K – $635.8K
NOI $38,150 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$956.5K
$837.0K – $1.12M
NOI $66,958 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- CHAVOS TACOS — sw detroit greenway, detroit, mi 48209
Location Insight
- Map
- Local Demand
- City
- Dearborn
- County
- Wayne
- State
- Michigan
- Longitude
- -83.151502
- Latitude
- 42.312649
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Flex-ready light industrial property with heated garages, two 2-car garage units, and parking for 30+ spaces.
Where is this flex space located?
The property is located at 10118 Eagle Street Dearborn, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Light industrial zoning (I‑A) on 0.57 acres across 3 parcels totaling 9 city lots; 4,336 SF interior space with a 1,700 SF main room plus an 1,800 SF lower level for office or flex use; Two detached 2‑car garages plus a combined 1,550 SF; heated garages included
