Air-Conditioned Automotive
For Sale
$5,950,000
15011 S Commerce Dr, Dearborn, MI 48120
The commercial-grade interior is fully air conditioned throughout.
Property Size51,619 SF
Price / SF$115.27
Days on Market619
Property Features for 15011 S Commerce Dr
General Information
Standard status
Active
Size
51,619 SF
Class
B
Total Parking Spaces
150
Property subtype
Industrial
Zoning
IA
Additional Details
Highway Access
Yes
Amenities
100% air conditioned throughout
Building Details
Building Size
51,619 SF
Year Built
1988
Buildings
1
Stories
1
Listing Agency:
Signature Associates - Southfield
Listed By:
Jack Townsend
(248) 948-0115
Source:
Cpix.resimplifi
Added: Feb 6, 2025
Changed: Oct 11
Last Checked: Oct 16 at 5:45AM
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
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Investment Insights
Based on property information with market context.
This 51,619-square-foot showroom was built in 1988 and features a commercial-grade interior with air conditioning throughout. The space is presented for vintage automobile display and is also identified for light manufacturing or commercial sales uses.
The property is located near Ford World Headquarters, the Ford Rouge Plant, I-94, and M-39, also known as Southfield. IA zoning applies to the site, providing an established industrial context for the property’s showroom and commercial functions.
The property is located near Ford World Headquarters, the Ford Rouge Plant, I-94, and M-39, also known as Southfield. IA zoning applies to the site, providing an established industrial context for the property’s showroom and commercial functions.
Key Highlights
- 51,619‑square‑foot showroom built in 1988
- Commercial‑grade interior with 100% air conditioning throughout
- Configured as a showroom for vintage automobiles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$302,917
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,058,340
$6.1M
Cap Rate 7%
$4,327,386
$4.3M
Cap Rate 9%
$3,365,744
$3.4M
Market Conditions
NOI Build-Up for 51,619 SF
Gross rent
$452.2K $8.76/SF
− Vacancy
−$19.4K −$0.38/SF
EGI
$432.7K $8.38/SF
− OpEx
−$129.8K −$2.51/SF
NOI
$302.9K $5.87/SF
Area
Dearborn, MI
Vacancy
4.30%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,058,340
Cap Rate 7%
$4,327,386
Cap Rate 9%
$3,365,744
Alternative Uses
Best Use
Retail
$9.08M
$7.95M – $10.60M
NOI $635,787 @ 7.0% cap · market cap 10.69%
Second Best
Industrial
$4.33M
$3.79M – $5.05M
NOI $302,917 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$11.39M
$9.96M – $13.29M
NOI $797,115 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in Midwest region
Similar Off Market Nearby
- Floor & Design (Formerly: Decorama Flooring Design Center) — 13201 Prospect St, Dearborn, MI 48126
Frequently Asked Questions
What type of property is this?
Showroom - The commercial-grade interior is fully air conditioned throughout.
Where is this showroom located?
The property is located at 15011 S Commerce Dr Dearborn, MI.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 51,619‑square‑foot showroom built in 1988; Commercial‑grade interior with 100% air conditioning throughout; Configured as a showroom for vintage automobiles
