Light Industrial Flex
10118 Eagle Street Dearborn, MI 48120
For Sale
$799,000
COMMERCIAL - Dearborn, MI
Property Size4,336 SF
Lot Size0.57 Acres
Price / SF$184.27
Days on Market123
Property Features for 10118 Eagle Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Rooms
Bathroom 1, Basement, Bathroom 2
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 Agency:
KW Advantage
(248) 380-8800
Listed By:
Adam Rich
(734) 673-0385
Added: Mar 27
Changed: Jul 25
Last Checked: Jul 27 at 9:06AM
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.
Investment Insights
Based on property information with market context.
This light industrial property offers 4,336 square feet of indoor space configured with a large main area, along with supporting amenities including restrooms, a kitchenette area, and plumbing for additional fixtures. The lower level adds a flexible 1,800-square-foot area that could support office or flex use. Recent improvements include newer flooring, new joists in the main area, spray foam insulation, and heated garages, with two detached 2-car garages providing additional covered utility space.
The site totals nine city lots across three parcels and is zoned I-A (Light Industrial District). It is located off Wyoming Ave and includes on-site parking with 30+ spaces plus 10+ additional adjacent spaces. Average daily traffic is listed as 11,110.
Additional zoning details and uses are described as available upon request. The listing also notes two detached garages and the ability to consider other uses with rezoning.
The site totals nine city lots across three parcels and is zoned I-A (Light Industrial District). It is located off Wyoming Ave and includes on-site parking with 30+ spaces plus 10+ additional adjacent spaces. Average daily traffic is listed as 11,110.
Additional zoning details and uses are described as available upon request. The listing also notes two detached garages and the ability to consider other uses with rezoning.
Key Highlights
- 0.57‑acre property made up of three parcels totaling nine city lots, zoned I‑A (Light Industrial District)
- 4,336 SF building with a 1,700 SF main room plus an 1,800 SF lower level with plumbing for additional use
- Two detached 2‑car garages with heated garages, adding extra space totaling 1,550 SF
Financial Insights For Flex RnD
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 | $62.4k | $14.40 |
| − Vacancy | −$3.7k | −$0.86 |
| EGI | $58.7k | $13.54 |
| − OpEx | −$20.5k | −$4.74 |
| NOI | $38.1k | $8.80 |
4,336 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$545.0K
$476.9K – $635.8K
NOI $38,150 @ 7.0% cap · market cap 4.77%
Second Best
Warehouse
$387.4K
$339.0K – $452.0K
NOI $27,117 @ 7.0% cap · market cap 3.39%
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- CHAVOS TACOS — sw detroit greenway, detroit, mi 48209
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial warehouse and flex space on 0.57 acres with heated garages and two car garages.
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: 0.57‑acre property made up of three parcels totaling nine city lots, zoned I‑A (Light Industrial District); 4,336 SF building with a 1,700 SF main room plus an 1,800 SF lower level with plumbing for additional use; Two detached 2‑car garages with heated garages, adding extra space totaling 1,550 SF
