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    6650 Chase Rd Dearborn, MI 48126

    Sponsored
    For Sale
    $2,100,000

    18,000 SF Warehouse, $2.1M Asking

    Property size:
    18,096 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Dearborn, Michigan warehouse presents a compelling investment opportunity. The 18,096 square foot building sits on a 1.35-acre lot and is currently generating a substantial monthly rental income of $18,000 from two tenants under a gross lease. The property boasts 40 parking spaces and is strategically located in Dearborn, MI, providing easy access to major transportation routes and a skilled workforce. The current lease has a remaining term of three years with a total lease term of five years, offering immediate cash flow and long-term stability. The building's size, prime location, and strong rental income make it an attractive asset in a vibrant market. The asking price is $2,100,000, representing a 10% capitalization rate. This multi-tenant industrial property is ideal for investors seeking a stable, high-yield investment in a desirable location. The property is zoned for industrial use and offers significant potential for future growth and appreciation. The address is 6650 Chase Rd, Dearborn, MI 48126. This is a turnkey investment opportunity with a proven track record of success.

    Property Features for 6650 Chase Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    18,096 SF

    HighLights

    • 1.8‑acre lot in Dearborn, MI.
    • 18,000 square foot industrial building.
    • Currently leased, generating $18,000/month in rental income.
    • Excellent Dearborn location with easy access to transportation and a skilled workforce.
    Property Profile Location Intelligence

    Current Use by Public Records

    Golden Bakery Chase Bakery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1852574
    Latitude
    42.3395348

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    FAQs

    What type of property is this?
    Distribution property - 18,000 SF Warehouse, $2.1M Asking
    Where is this distribution property located?
    The property is located at 6650 Chase Rd Dearborn, MI.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: 1.8-acre lot in Dearborn, MI.; 18,000 square foot industrial building.; Currently leased, generating $18,000/month in rental income.
    Request Owner's contact information
    6650 Chase Rd Dearborn, MI 48126
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6650 Chase Rd Dearborn, MI 48126
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