Renovated Retail Space with
For Sale
$429,000
10306 Dix, Dearborn, MI 48120
Former medical-office property with updated exterior, a new roof, and customer parking options.
Property Size1,725 SF
Price / SF$248.70
Days on Market95
Property Features for 10306 Dix
General Information
Standard status
Active
Size
1,725 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1936
Listing Agency:
RE/MAX Team 2000
Listed By:
Yousef Beydoun · License #6501354088
(313) 525-1101
Source:
Katie-k
Added: Jul 18
Changed: Oct 2
Last Checked: Oct 7 at 2:43PM
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 RE/MAX Team 2000
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Investment Insights
Based on property information with market context.
This 1,725-square-foot commercial property is classified as retail space and was previously used as a medical office. The building has a recently updated exterior and a roof installed in 2024, providing clear physical improvements for a new occupant or owner. On-site parking is available, supplemented by street parking along Dix Road.
The property is located in South Dearborn on Dix Road, placing it within the Dearborn, Michigan commercial landscape. Its prior medical-office configuration and retail classification support a range of commercial applications, subject to applicable approvals and requirements.
The property is located in South Dearborn on Dix Road, placing it within the Dearborn, Michigan commercial landscape. Its prior medical-office configuration and retail classification support a range of commercial applications, subject to applicable approvals and requirements.
Key Highlights
- 1,725‑square‑foot retail property in South Dearborn
- Former medical‑office use
- Updated exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,247
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,940
$424.9K
Cap Rate 7%
$303,529
$303.5K
Cap Rate 9%
$236,078
$236.1K
Market Conditions
NOI Build-Up for 1,725 SF
Gross rent
$32.1K $18.60/SF
− Vacancy
−$1.7K −$1.00/SF
EGI
$30.4K $17.60/SF
− OpEx
−$9.1K −$5.28/SF
NOI
$21.2K $12.32/SF
Area
Dearborn, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,940
Cap Rate 7%
$303,529
Cap Rate 9%
$236,078
Alternative Uses
Best Use
Retail
$303.5K
$265.6K – $354.1K
NOI $21,247 @ 7.0% cap · market cap 4.95%
Second Best
Healthcare Medical
$277.5K
$242.8K – $323.8K
NOI $19,425 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$380.5K
$333.0K – $444.0K
NOI $26,638 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 48120, MI
8,338
Population
2,910
Households
2.9
Avg Household Size
29
Median Age
37%
College-Educated
76%
High-School Grad
4.7 sq mi
ZIP Area
1,774
Density / Sq Mi
$66,667
Median Household Income
$48,170
Median Earnings
$1,407
Median Rent
$236,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Former medical-office property with updated exterior, a new roof, and customer parking options.
Where is this retail space located?
The property is located at 10306 Dix Dearborn, MI.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1,725‑square‑foot retail property in South Dearborn; Former medical‑office use; Updated exterior
