Truck Repair/Warehouse Near
For Sale
$8,400,000
10421 Ford Rd, Dearborn, MI 48126
38,000 SF truck repair/warehouse near I-94 and Michigan Avenue.
Property Size42,000 SF
Price / SF$221.05
Days on Market377
Property Features for 10421 Ford Rd
General Information
Standard status
Active
Size
42,000 SF
Property subtype
Industrial
Building Details
Building Size
42,000 SF
Year Built
1985
Listing Agency:
Signature Associates - Southfield
Listed By:
Jack Townsend
(248) 408-0077
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Oct 3
Last Checked: Oct 5 at 4:30PM
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 Signature Associates - Southfield
Investment Insights
Based on property information with market context.
This 38,000 sq. ft. property is suitable for truck repair or warehouse use. It is located near I-94 and Michigan Avenue, Truck City, and the Ford Rouge Plant, and is 30 minutes from the Canadian border. The building includes 4,000 sq. ft. of load-bearing mezzanine. Adjacent to the building are office space and 3 acres of paved truck parking. The property features 8 truck repair bays.
Key Highlights
- 8 Truck repair bays
- 4,000 sq. ft. load‑bearing mezzanine
- Adjacent office and 3 acres of paved truck parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$468,043
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,360,860
$9.4M
Cap Rate 7%
$6,686,329
$6.7M
Cap Rate 9%
$5,200,478
$5.2M
Market Conditions
NOI Build-Up for 38,000 SF
Gross rent
$706.8K $18.60/SF
− Vacancy
−$38.2K −$1.00/SF
EGI
$668.6K $17.60/SF
− OpEx
−$200.6K −$5.28/SF
NOI
$468.0K $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%
$9,360,860
Cap Rate 7%
$6,686,329
Cap Rate 9%
$5,200,478
Alternative Uses
Best Use
Retail
$6.69M
$5.85M – $7.80M
NOI $468,043 @ 7.0% cap · market cap 5.57%
Second Best
Warehouse
$3.39M
$2.97M – $3.96M
NOI $237,645 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$8.38M
$7.34M – $9.78M
NOI $586,806 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,156
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48126, MI
55,863
Population
16,919
Households
3.3
Avg Household Size
28
Median Age
24%
College-Educated
74%
High-School Grad
8.4 sq mi
ZIP Area
6,650
Density / Sq Mi
$42,353
Median Household Income
$27,724
Median Earnings
$1,222
Median Rent
$200,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - 38,000 SF truck repair/warehouse near I-94 and Michigan Avenue.
Where is this warehouse located?
The property is located at 10421 Ford Rd Dearborn, MI.
What is the asking price?
The asking price for this property is $8,400,000.
What are key features of this property?
This property features: 8 Truck repair bays; 4,000 sq. ft. load‑bearing mezzanine; Adjacent office and 3 acres of paved truck parking
