Light Industrial Warehouse with Heated
10118 Eagle Street, Dearborn, MI 48120
Light industrial property with a large main room, lower flex space, and two heated two-car garages plus strong parking availability.
Type:Business Opportunity
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 1:56 am
Property Features for 10118 Eagle Street
General Information
- Standard status
- Active
- Size
- 4,336 SF
- Lot size
- 0.57 Acres
- Property subtype
- Business Opportunity
Building Details
- Year Built
- 1930
Listing office KW Advantage (734) 673-0385
Listing date Mar 27, 2026
Source Phgrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KW Advantage
HighLights
- Light industrial property on 0.57 acres (9 city lots total) zoned I‑A (Light Industrial District)
- 3 parcels totaling nine city lots with 4,336 SF interior space, including a 1,700 SF main room and 1,800 SF lower level
- Two detached 2‑car garages with heated garages and combined additional 1,550 SF
- Parking for 30+ on‑site spaces, plus 10+ additional adjacent spaces
- Recent improvements include newer flooring, all‑new joists in the main area, spray foam insulation, and heated garages
- Located off Wyoming Ave with average daily traffic count of 11,110
Overview
A light industrial warehouse/flex property offering 4,336 SF of interior space and two detached 2-car garages totaling 1,550 SF, with heated garage improvements. The main area includes a large 1,700 SF room and includes updated flooring, new joists, and spray foam insulation. The layout also features restrooms, a kitchenette area, and plumbing for an additional two stalls. A 1,800 SF lower level can be used as office or flex space, providing additional flexibility for business operations.
The property is zoned I-A (Light Industrial District) and is described as suitable for uses including research and technology, clean/light manufacturing, warehousing and distribution, industrial support offices, and utility facilities. It is located off Wyoming Ave and has an average daily traffic count of 11,110. Parking includes 30+ on-site spaces, plus 10+ adjacent spaces.
Comprising three parcels totaling nine city lots across 0.57 acres, the site offers a multi-parcel configuration and adaptable building layout for operators seeking both warehouse and flexible interior space. Conditional reuse options are noted with rezoning, with examples including a community center, wedding venue, or day care, and additional zoning details are available upon request.
The property is zoned I-A (Light Industrial District) and is described as suitable for uses including research and technology, clean/light manufacturing, warehousing and distribution, industrial support offices, and utility facilities. It is located off Wyoming Ave and has an average daily traffic count of 11,110. Parking includes 30+ on-site spaces, plus 10+ adjacent spaces.
Comprising three parcels totaling nine city lots across 0.57 acres, the site offers a multi-parcel configuration and adaptable building layout for operators seeking both warehouse and flexible interior space. Conditional reuse options are noted with rezoning, with examples including a community center, wedding venue, or day care, and additional zoning details are available upon request.
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.
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
- -83.151294
- Latitude
- 42.312546
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Light industrial property with a large main room, lower flex space, and two heated two-car garages plus strong parking availability.
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 property on 0.57 acres (9 city lots total) zoned I‑A (Light Industrial District); 3 parcels totaling nine city lots with 4,336 SF interior space, including a 1,700 SF main room and 1,800 SF lower level; Two detached 2‑car garages with heated garages and combined additional 1,550 SF
