22402-22426 Van Born Rd, Dearborn Heights, MI 48125
Well-maintained retail building with restaurant and tenant-occupied suite.
- Added:
- Aug 14, 2025
- Days on Market:
- 318
- Last Refresh:
- Mar 17 at 1:22 pm
Property Features for 22402-22426 Van Born Rd
General Information
- Standard status
- Active
- Size
- 5,300 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1990
Listing office Thomas Duke Company (248) 476-3700
Listing date Aug 14, 2025
Source Crexi
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 Thomas Duke Company
HighLights
- Turnkey restaurant opportunity with liquor license, FF&E, and capital equipment included.
- Two‑suite retail building with one suite already leased.
- Opportunity for owner‑user or investor.
- Recent upgrades include a new roof.
- Recent upgrades include a new parking lot.
- Located on Van Born Rd just east of Telegraph.
Overview
Local Financial Insights For Specialty 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 | $95.4k | $18.00 |
| − Vacancy | −$3.8k | −$0.72 |
| EGI | $91.6k | $17.28 |
| − OpEx | −$22.9k | −$4.32 |
| NOI | $68.7k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Dearborn Heights
- County
- Wayne
- State
- Michigan
- Longitude
- -83.25561
- Latitude
- 42.269656
