Property summary
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
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Limousine Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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 -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BB · Dearborn, MISIDENTIAL 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 -…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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 -…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BB in Dearborn, MI.
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