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Property summary
Commercial property located in Dearborn, Michigan on a 0.57-acre site, zoned I-A (Light Industrial District). The zoning supports uses such as research and technology, clean/light manufacturing, warehousing and distribution, industrial support offices, and utility facilities, with the possibility that rezoning could broaden permitted use to options such as a community center, wedding venue, or day care. Positioned off Wyoming Avenue with frontage on that corridor and an average daily traffic count of 11,110 vehicles, the site provides 30+ on-site parking spaces plus 10+ additional spaces adjacent to the alley in a side yard. Improvements include a main interior area of 4,264 square feet with two, 2-car detached garages providing an additional combined 1,550 square feet, and a 1,800-square-foot basement (plumbed for a bathroom) expanding the total footprint to 6,064 square feet. Interior layout includes a 2-stall bathroom, a single-person bathroom, a kitchenette area, and a bonus room suitable for an office or flex use. The property has undergone recent building updates including newer flooring, replacement of joists in the main area, spray foam insulation, drywall (2023), windows (2023), a roof (2023), a hot water tank (2019), and a heated garage with an insulated door (2025). The property comprises three parcels—321021102011, 321021102010, and 321021102009—totaling nine city lots.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
CT[1] ARTICLE 14.00 - B-A, LOCAL BUSINESS DISTRICT[1] ARTICLE 15.00 - B-B, COMMUNITY BUSINESS DISTRICT[1] ARTICLE 16.00 - B-C, GENERAL BUSINESS DISTRICT[1] ARTICLE 17.00 - B-D, DOWNTOWN BUSINESS DISTRICT ARTICLE 18.00 -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Dearborn market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IA · Dearborn, MICT[1] ARTICLE 14.00 - B-A, LOCAL BUSINESS DISTRICT[1] ARTICLE 15.00 - B-B, COMMUNITY BUSINESS DISTRICT[1] ARTICLE 16.00 - B-C, GENERAL BUSINESS DISTRICT[1] ARTICLE 17.00 - B-D, DOWNTOWN BUSINESS DISTRICT ARTICLE 18.00 -…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
CT[1] ARTICLE 14.00 - B-A, LOCAL BUSINESS DISTRICT[1] ARTICLE 15.00 - B-B, COMMUNITY BUSINESS DISTRICT[1] ARTICLE 16.00 - B-C, GENERAL BUSINESS DISTRICT[1] ARTICLE 17.00 - B-D, DOWNTOWN BUSINESS DISTRICT ARTICLE 18.00 -…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IA in Dearborn, MI.
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