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    OFF-MARKET
    Office buildings

    10214 Warren Ave, Dearborn, MI 48126-1657

    988 SF 0.18 ac lot Built 1955
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US43-5295643
    Property summary
    AI-generated overview

    This exceptional 1,100 square foot industrial building is situated on a corner lot at the intersection of Warren Avenue and Freda Street in Dearborn, Michigan. Its prime location offers unparalleled visibility and accessibility. The property boasts a newly constructed, expansive parking lot featuring a catch basin and six-inch concrete columns with pre-installed electrical wiring. The building itself has undergone a complete renovation, including a new roof, updated plumbing and electrical systems, a new five-ton heating and cooling unit, and fresh framing, insulation, and drywall. The interior features a large open space, perfect for a variety of industrial uses, along with a newly remodeled kitchenette and bathroom. Additional improvements include a new back door. With 80 feet of road frontage on Warren Avenue and alleyway access, this property offers exceptional exposure and convenient logistics. The building is in excellent, clean, and well-maintained condition. Currently, there is an existing lease in place. All data is approximate.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1955
    Total area 988 SF
    Lot 0.18 ac (7,841 SF)
    Zoning code BB
    APN 82 10 054 38 023
    UPID US43-5295643
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sheeba hookah shop (Bike/Boat/Book/etc) Store
    • Detroit Limousine Service | Luxury Party Bus & Limo Rental Limousine Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    La Beaute Nail Lounge LLC · 4 yrs held
    La Beaute Nail Lounge LLC
    since 2021
    Last sale
    $275,000
    6 recorded transactions
    2021
    $275,000
    2021
    2014
    2012
    $120,000
    2011
    2010
    Zoning & alternative use
    BB · Dearborn, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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