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    21001 Van Born Rd Dearborn Heights, MI 48125

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    415,606 SF Executive Office Space

    Lot size:
    415,606 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 415,606 square foot executive office building, located at 21001 Van Born Road in Dearborn Heights, Michigan, presents a significant investment opportunity. Situated on an expansive 18.05-acre lot, this single-tenant property boasts a rich history, having been constructed in 1966 and extensively renovated in 2003. The building's high-tech infrastructure was fully upgraded during a previous tenant's occupancy, reflecting a commitment to modern functionality. The property's Wayne County location (APN: 60 002 99 0001 701) offers convenient access to major transportation routes. While currently vacant, the building's substantial size and advanced technological capabilities make it ideally suited for a variety of large-scale corporate operations. The previous tenant, a multinational automotive manufacturer, occupied the space under a long-term lease, highlighting the property's appeal and suitability for substantial, long-term commitments. This presents a unique chance to acquire a fully modernized, large-scale office building in a strategic location. The property's size and features make it suitable for a variety of uses, offering significant potential for future development and return on investment. The 48125 zip code provides access to a robust local workforce and amenities. This is a rare opportunity to acquire a substantial, high-quality office building in a prime location.

    Property Features for 21001 Van Born Rd

    General Information

    Property type
    Office buildings
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    415,606 SF

    Building Details

    Year Built/Renovated
    1966/2003

    Unit(s) available at that property

    Space
    Suite 21001
    Size
    415,606 SF

    HighLights

    • 415,606 SF office building on an 18.05‑acre lot in Dearborn Heights, MI.
    • 726 surface parking spaces.
    • Built in 1966, renovated in 1989 and 2003.
    • Currently vacant; previously occupied by Ford Motor Company.
    • Lease expiration: June 30, 2027.
    • Located in a Qualified Michigan Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn Heights
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2424074
    Latitude
    42.2676025

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    FAQs

    What type of property is this?
    Office building - 415,606 SF Executive Office Space
    Where is this office building located?
    The property is located at 21001 Van Born Rd Dearborn Heights, MI.
    What are key features of this property?
    This property features: 415,606 SF office building on an 18.05-acre lot in Dearborn Heights, MI.; 726 surface parking spaces.; Built in 1966, renovated in 1989 and 2003.
    Request Owner's contact information
    21001 Van Born Rd Dearborn Heights, MI 48125
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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
    21001 Van Born Rd Dearborn Heights, MI 48125
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