Property profile

10214 Warren Ave Dearborn, MI 48126

OFF-MARKET
Office buildings
Property ID
US43-5295643
988 SF 0.18 ac lot Built 1955
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Limousine Service

Location

10214 Warren Ave Dearborn, MI 48126-1657
Dearborn metro Census 573600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2021
Last sale
$275,000
6 recorded transactions
2021
$275,000
2021
Price N/A
2014
Price N/A
2012
$120,000
2011
Price N/A
2010
Price N/A

Zoning & alternative use

BB · Dearborn, MI
Zoning description

SIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, R-D, AND R-E MULTIPLE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 13.00 - O-S, BUSINESS OFFICE DISTRICT[1] ARTICLE 14.00 - B-A, LOCAL BUSINESS DISTRICT[1] ARTICLE 15.00 -…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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