Warehouse with Showroom and
24101 W Warren Street, Dearborn Heights, MI 48127
11,240 SF warehouse with showroom and flexible zoning.
Type:Special Purpose
Property size:
11,240 SFPrice / SF:
$177/SF- Added:
- Mar 19, 2026
- Days on Market:
- 59
- Last Refresh:
- Mar 20 at 8:48 pm
Property Features for 24101 W Warren Street
General Information
- Standard status
- Active
- Size
- 11,240 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1990
Listing agent Dave Abdallah License #MI
Listing office CENTURY 21 Curran & Oberski Dearborn Heights
Listing date Mar 19, 2026
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 CENTURY 21 Curran & Oberski Dearborn Heights
HighLights
- Over 11,000 sqft warehouse with 2 additional buildings.
- Flexible zoning with many possible uses (see city).
- 3,000 sqft showroom with receptionist area, office space, storage & 2 bathrooms.
- Building addition (built in 1980) features 18 ft high ceiling, overhead door, new roof & separate entrance.
- Two‑story addition (built in 1990) with large industrial laundry area and overhead doors on both floors.
- Large parking lot.
Overview
This property, located in the Telegraph & Warren Ave area, features over 11,000 sqft of warehouse space and two additional buildings. A 3,000 sqft showroom includes a receptionist area, office space, storage, and two bathrooms. The showroom opens to a second building addition, constructed in 1980, featuring an 18 ft high ceiling, overhead door, new roof, bathroom, and separate building entrance. The third building, a two-story addition built in 1990, offers a large industrial laundry area and 18 ft high ceiling. First and second floor overhead doors are present. The third building could potentially be split into two separate units. Buildings two and three have an open concept layout connecting them. The zoning is flexible, allowing for many possible uses. A large parking lot is available. The property is located between Telegraph and Beech Daly.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.18M
NOI $106,501 @ 9.00% cap · cautious / downside scenario
Moderate
$1.52M
NOI $106,501 @ 7.00% cap · market / base-case scenario
Aggressive
$2.13M
NOI $106,501 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $161.9k | $14.40 |
| − Vacancy | −$9.7k | −$0.86 |
| EGI | $152.1k | $13.54 |
| − OpEx | −$45.6k | −$4.06 |
| NOI | $106.5k | $9.48 |
11,240 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.52M
$1.33M – $1.78M
NOI $106,501 @ 7.0% cap · market cap 5.34%
Second Best
Flex RnD
$1.01M
$886.5K – $1.18M
NOI $70,920 @ 7.0% cap · market cap 3.55%
Theoretical Best
Specialty Retail
$2.08M
$1.82M – $2.43M
NOI $145,670 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Showrooms
Similar Places Nearby
- iStorage — 24579 Ann Arbor Trail, Dearborn Heights, MI 48127
Location Insight
- Map
- Local Demand
- City
- Dearborn Heights
- County
- Wayne
- State
- Michigan
- Longitude
- -83.275324
- Latitude
- 42.341101
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - 11,240 SF warehouse with showroom and flexible zoning.
Where is this warehouse located?
The property is located at 24101 W Warren Street Dearborn Heights, MI.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Over 11,000 sqft warehouse with 2 additional buildings.; Flexible zoning with many possible uses (see city).; 3,000 sqft showroom with receptionist area, office space, storage & 2 bathrooms.
