986 Southfield Road, Dearborn, MI 48146
Leased retail building with recent major updates and versatile zoning for a variety of commercial uses.
- Added:
- Jul 25, 2025
- Days on Market:
- 338
- Last Refresh:
- Jun 20 at 7:38 am
Property Features for 986 Southfield Road
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1985
Listing office CENTURY 21 Curran & Oberski Dearborn Heights
Listing date Jul 25, 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 CENTURY 21 Curran & Oberski Dearborn Heights
HighLights
- Leased retail building built in 1985
- Recent major updates include a new roof, new water heater, new A/C, and new floors
- Versatile zoning supports a variety of commercial endeavors (buyer to verify)
Overview
The property is offered with versatile zoning, which can support a variety of commercial endeavors. Buyer and buyer’s agent are advised that all data and measurements are estimated and should be verified.
For investors or owner-operators seeking a retail asset with ongoing tenancy, the leased status provides current occupancy. The updated building components and retail-oriented improvements may support continued use or future modifications within the bounds of the property’s zoning. Because zoning details and measurements are not specified in the available information, prospective buyers should confirm allowable uses and verify all facts during their due diligence.
Local 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 | $26.8k | $18.60 |
| − Vacancy | −$1.4k | −$1.00 |
| EGI | $25.3k | $17.60 |
| − OpEx | −$7.6k | −$5.28 |
| NOI | $17.7k | $12.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Dearborn
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2129454
- Latitude
- 42.2836743
