Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Dearborn Office Space For Rent Title is generated by Realmo AI

    2021 MONROE Street, Dearborn, MI 48124

    View on Map
    Claim this Listing
    For Lease
    $900/Mo $1.34 SF/Yr (calc)

    Real Estate Only - Dearborn, MI

    Property size:
    8,031 SF
    Lot size:
    0.28 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    73
    Last Refresh:
    May 16 at 2:06 pm

    Property Features for 2021 MONROE Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    32820927101002
    Size
    8,031 SF
    Lot size
    0.28 Acres

    Building Details

    Year built
    1958
    Floors in Building
    2
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Ali Eldirani
    Ali Eldirani

    Listing agent Ali Eldirani

    Listing office RE/MAX Leading Edge 25050 Ford Road, Dearborn Heights, MI

    Listing date Mar 4, 2026

    MLS# 20261013850 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on Monroe St. in Dearborn.
    • Suitable for various professional uses (doctors, dentists, lawyers, accountants, etc.).
    • Convenient elevator access to the 2nd‑floor suite.
    • Ample parking with 54 total spots across 3 parking lots.
    • Lease includes heating, cooling, water, sewerage, lawn care, snow removal, trash removal, and elevator maintenance.
    • Brick construction.

    Overview

    Located on Monroe Street in Dearborn, this commercial space offers approximately 600 square feet suitable for various professional uses, including doctors, dentists, lawyers, and accountants. The suite is situated on the second floor, providing convenient elevator access. The property includes access to three parking lots with a total of 54 parking spots, located across the street (Northside), on the side, and behind the building. The lease includes heating, cooling, water, sewerage, lawn maintenance, snow removal, trash disposal, and elevator maintenance. The property is zoned for commercial use and has a building size of 8,031 square feet, situated on a 0.28-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shiem Alazawi, DMD Dental Office Dr. Nagham H. ... Dental Office WiserCare Home Care Home Health Care Service Slone Charles MD Physician Jeffrey E Puccio ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2450102
    Latitude
    42.2980522

    Nearby Similar for Lease

    • $15,000/Mo
      15,000 SF

      Dearborn Industrial Building For Lease

      15,000 SF industrial building in Dearborn, suitable for various uses.
      25315 Kean Street, Dearborn, MI 48124
      View Details
    • $1,750/Mo
      1,558 SF

      Dearborn Commercial Space For Lease

      Versatile commercial property on busy Telegraph Road in Dearborn.
      2028 N Telegraph Road, Dearborn, MI 48128
      View Details
    • $3,800/Mo
      1,500 SF

      Turn-Key Medical Suite in Dearborn

      Medical suite in Dearborn with exam rooms and parking.
      5245 Schaefer Road, Dearborn, MI 48126
      View Details
    • $4,800/Mo
      8,031 SF

      Dearborn Office Space For Lease

      Prime location office space suitable for medical or professional uses.
      2021 Monroe Street, Dearborn, MI 48124
      View Details
    • $2,000/Mo
      1,722 SF

      Dearborn Commercial Space for Rent

      Versatile 1,722 sq ft commercial space in prime Dearborn location.
      14805 W WARREN Avenue, Dearborn, MI 48126
      View Details
    • $2,200/Mo
      9,500 SF

      Dearborn Commercial Space For Lease

      Commercial space suitable for office, medical, or retail use.
      6307 SCHAEFER, Dearborn, MI 48126
      View Details
    • $2,500/Mo
      1,500 SF

      Dearborn Retail Space Available

      Prime retail space in Dearborn, high-traffic location, flexible layout.
      1314 N Telegraph rd, Dearborn, MI 48128
      View Details
    • Sponsored
      $129-$3,905/Mo
      11-1,292 SF

      Dearborn

      3200 Greenfield Rd, Unit 300, Dearborn, MI 48120
      View Details
    • $2,290/Mo
      1,500 SF

      West Dearborn Office Space Available

      Office space in a desirable West Dearborn location for lease.
      24336 Michigan Ave, Dearborn, MI 48124
      View Details
    • $1,965/Mo
      1,100 SF

      Updated Office Space in Dearborn

      Prime West Dearborn office space with modern updates and parking.
      1800 Grindley Park St 6, Dearborn, MI 48124
      View Details
    • $4,500/Mo
      2,400 SF

      Dearborn Commercial Space for Rent

      2400 sq ft commercial space suitable for office, medical, retail.
      6307-6309 Schaefer Road, Dearborn, MI 48126
      View Details
    • $900/Mo
      600 SF

      Dearborn Office Space For Rent

      Office suite for rent in a prime Dearborn location.
      2021 MONROE St 303, Dearborn, MI 48124
      View Details

    FAQs

    What type of property is this?
    Office units - Office suite in Dearborn with elevator access and parking.
    Where is this office units located?
    The property is located at 2021 MONROE Street Dearborn, MI.
    What is the lease rate?
    The lease rate is $900 /Mo.
    What are key features of this property?
    This property features: Prime location on Monroe St. in Dearborn.; Suitable for various professional uses (doctors, dentists, lawyers, accountants, etc.).; **Convenient elevator access to the 2nd‑floor suite.**
    (313) 903-4400
    We can help!
    Listing Contact
    Ali Eldirani
    Ali Eldirani
    Real Estate License ID: 6506040787
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2021 MONROE Street, Dearborn, MI 48124
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!