Light Industrial
New
For Sale
$899,900
1825 Bailey St, Dearborn, MI 48124
The building is currently used for warehouse and storage purposes and carries I-A light industrial zoning.
Property Size12,277 SF
Price / SF$73.30
Days on Market5
Property Features for 1825 Bailey St
General Information
Standard status
Active
Size
12,277 SF
Zoning
I-A
Building Details
Year Built
1964
Listing Agency:
Century 21 Curran & Oberski
Listed By:
Ali T Charara · License #6501340600
(313) 274-7200
Source:
Katie-k
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 4 at 12:57PM
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 Century 21 Curran & Oberski
Investment Insights
Based on property information with market context.
At 1825 Bailey St in Dearborn, this 12,277-square-foot building is currently used for warehouse and storage. Constructed in 1964, it is zoned I-A light industrial.
The property is in West Dearborn. Intended uses should be confirmed with the City of Dearborn.
The property is in West Dearborn. Intended uses should be confirmed with the City of Dearborn.
Key Highlights
- 12,277‑square‑foot warehouse and storage building
- I‑A light industrial zoning
- Built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,778
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,535,560
$1.5M
Cap Rate 7%
$1,096,829
$1.1M
Cap Rate 9%
$853,089
$853.1K
Market Conditions
NOI Build-Up for 12,277 SF
Gross rent
$94.3K $7.68/SF
− Vacancy
−$4.0K −$0.32/SF
EGI
$90.3K $7.36/SF
− OpEx
−$13.5K −$1.10/SF
NOI
$76.8K $6.25/SF
Area
Dearborn, MI
Vacancy
4.20%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,535,560
Cap Rate 7%
$1,096,829
Cap Rate 9%
$853,089
Alternative Uses
Best Use
Warehouse
$1.10M
$959.7K – $1.28M
NOI $76,778 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,585 @ 7.0% cap · market cap 21.07%
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
807
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48124, MI
34,134
Population
14,787
Households
2.3
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
3,879
Density / Sq Mi
$78,353
Median Household Income
$49,103
Median Earnings
$1,280
Median Rent
$192,100
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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Similar Off Market Nearby
- United Mayflower Storage & Moving Containers — 2000 westwood st, dearborn, mi 48124
- Public Storage — 24920 Trowbridge St, Dearborn, MI 48124
- iStorage — 23954 Kean St, Dearborn, MI 48124
Frequently Asked Questions
What type of property is this?
Warehouse - The building is currently used for warehouse and storage purposes and carries I-A light industrial zoning.
Where is this warehouse located?
The property is located at 1825 Bailey St Dearborn, MI.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 12,277‑square‑foot warehouse and storage building; I‑A light industrial zoning; Built in 1964
