East Dearborn Mechanic Shop
4181 Schaefer Rd Dearborn, MI 48126
For Sale
$1,950,000
Automotive repair facility in the heart of East Dearborn.
Property Size10,700 SF
Lot Size0.75 Acres
Price / SF$182.24
Days on Market95
Property Features for 4181 Schaefer Rd
General Information
- Standard status
- Active
- Size
- 10,700 SF
- Lot size
- 0.75 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency:
Century 21 Curran & Oberski
(313) 274-7200
Listed By:
Ali T Charara · License #6501340600
(313) 274-7200
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 12:40PM
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.
This automotive repair facility is located in East Dearborn, just south of Michigan Avenue. The property features over 10,700 square feet of industrial/mechanical space situated on approximately three-quarters of an acre. It offers a large, fully fenced parking lot with ample on-site paved parking, suitable for vehicle storage, operations, or expansion. The location provides excellent visibility and accessibility in a high-demand automotive corridor. The property is ideal for owner-users, investors, or automotive-related businesses seeking a strategic Dearborn location. The bike score is 51, indicating it is bikeable, and the walk score is 85, indicating it is very walkable.
Key Highlights
- Over 10,700 SF of industrial/mechanical space.
- Located in the heart of East Dearborn, just south of Michigan Avenue.
- Large, fully fenced parking lot with ample on‑site paved parking.
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 | $199.0k | $18.60 |
| − Vacancy | −$10.7k | −$1.00 |
| EGI | $188.3k | $17.60 |
| − OpEx | −$56.5k | −$5.28 |
| NOI | $131.8k | $12.32 |
10,700 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.88M
$1.65M – $2.20M
NOI $131,791 @ 7.0% cap · market cap 6.76%
Second Best
Industrial
$897.0K
$784.9K – $1.05M
NOI $62,791 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$2.36M
$2.07M – $2.75M
NOI $165,232 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jim's Dearborn Auto ...
Auto Repair Shop
Similar Off Market Nearby
- Jack Demmer Collision Center — 14641 Prospect St, Dearborn, MI 48126
- Ground Effects Ltd — 13750 Rotunda Dr, Dearborn, MI 48120
- Elite tire — 15141 Michigan Ave, Dearborn, MI 48126
- FAIRLANE FUEL, INC. — 14921 Michigan Ave, Dearborn, MI 48126
- Ford DTP Body Shop — Dearborn, MI 48126
FAQs
What type of property is this?
Auto shop - Automotive repair facility in the heart of East Dearborn.
Where is this auto shop located?
The property is located at 4181 Schaefer Rd Dearborn, MI.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Over 10,700 SF of industrial/mechanical space.; Located in the heart of East Dearborn, just south of Michigan Avenue.; Large, fully fenced parking lot with ample on‑site paved parking.
