20640 Van Born Road, Dearborn Heights, MI 48125
Well-maintained standalone corner retail building with a drive-up window, paved parking, and front and rear loading areas.
- Added:
- Nov 12, 2025
- Days on Market:
- 225
- Last Refresh:
- Jun 20 at 3:12 am
Property Features for 20640 Van Born Road
General Information
- Standard status
- Active
- Size
- 1,569 SF
- Property subtype
- Land
Building Details
- Year Built
- 1960
Listing office Real Estate One-Dbn Hts/Dbn (313) 565-3200
Listing date Nov 12, 2025
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Real Estate One-Dbn Hts/Dbn
HighLights
- Well‑maintained standalone corner retail building built in 1960
- Paved parking for 8 vehicles plus front and rear paved delivery/loading areas
- Drive‑up window on the building
- Roof was replaced in 2020
- Boiler passed the 2020 annual state boiler inspection; new gaskets added and safety controls maintained
- Long‑term tenant would prefer to continue leasing
Overview
The building is positioned on a corner, providing straightforward visibility and access from the surrounding roadway network. Operationally, the presence of both front and rear paved loading areas can help separate deliveries from customer traffic.
For a retailer or owner-operator looking for a compact, self-contained facility, the drive-up window and dedicated loading areas are useful for sales and fulfillment workflows. A long-term tenant would prefer to continue leasing, which may align with buyers seeking an existing occupancy preference. The boiler has passed the 2020 state inspection and received new gaskets, with safety controls maintained.
Local Financial Insights For Retail
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 | $22.6k | $14.40 |
| − Vacancy | −$1.4k | −$0.86 |
| EGI | $21.2k | $13.54 |
| − OpEx | −$6.4k | −$4.06 |
| NOI | $14.9k | $9.48 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Metro Waltflowers — 22975 W Outer Dr, Dearborn, MI 48124
Location Insight
- Map
- Local Demand
- City
- Dearborn Heights
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2393601
- Latitude
- 42.2699823
