Financial
Distress signals
Property profile

10500 Southern St Dearborn, MI 48126

OFF-MARKET
Office buildings
Property ID
US43-0408669
1,426 SF 0.22 ac lot Built 1911
Last sale Aug 2020 · $68,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 1,400-square-foot warehouse situated on a large lot in Dearborn at 10500 Southern Street, with convenient access to major roadways including I-94, I-75, and the Southfield Freeway. The building has undergone extensive improvements to major building and site systems, including HVAC, roof, flooring, doors, windows, electrical work, interior paint, asphalt paving, fencing, and installation of a security system. The property is zoned for Commercial and Heavy Industrial use, supporting warehouse,

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value · 2024$46k
Effective rate5.15%

Value estimate

· Sep 2026
$70k
$63k – $77k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$129/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$77 – $183
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IC
T[1] ARTICLE 16.00 - B-C, GENERAL BUSINESS DISTRICT[1] ARTICLE 17.00 - B-D, DOWNTOWN BUSINESS DISTRICT ARTICLE 18.00 - I-A, LIGHT INDUSTR...
General categoryINDUSTRIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.9
Law Firm12.1
Hair Salon12.0

Location

10500 Southern St Dearborn, MI 48126-3721
County assessor Recorded deeds · 2 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
15706 Michigan, Dearborn, MI 48126-2903 $205,000 Feb 2024 1,545 SF
13645 Haggerty, Dearborn, MI 48126-1855 $165,000 Jan 2023 1,556 SF
15022 Michigan, Dearborn, MI 48126-2914 $107,000 Jan 2023 1,297 SF
6140 Greenfield, Dearborn, MI 48126-2059 $350,000 Oct 2022 1,220 SF
15320 Michigan, Dearborn, MI 48126-2917 $850,000 Oct 2022 1,501 SF
5260 Schaefer, Dearborn, MI 48126-3228 $150,000 Mar 2019 1,348 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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