Property profile

10421 Ford Rd Dearborn, MI 48126

FOR LEASE
Warehouses
Property ID
US43-0028716
37,798 SF 4.34 ac lot Built 1985
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 25,500-square-foot warehouse, located at 10421 Ford Road in Dearborn, Michigan, presents a significant opportunity for businesses seeking a single-tenant industrial space. The property boasts a substantial 26-foot ceiling height, providing ample vertical storage capacity. Two convenient drive-in doors ensure efficient loading and unloading operations. The entire 25,500 square feet is currently vacant, allowing for immediate customization and occupancy to suit specific operational needs. Situated in Wayne County, this property offers easy access to major transportation routes, streamlining logistics and distribution. The property's single-tenant occupancy eliminates the complexities of multi-tenant management, providing a streamlined and efficient operational environment. This warehouse is perfect for a variety of industrial uses, offering a substantial footprint and excellent features for businesses seeking a strategic location in the thriving Dearborn market. The property's address is 10421 Ford Rd, Dearborn, MI 48126. This is a rare opportunity to acquire a large, vacant warehouse in a prime location. The property is classified as Industrial and is a single-tenant building.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1985
Total area 37,798 SF
Lot 4.34 ac (189,050 SF)
Zoning code IC
APN 82 10 172 01 010
UPID US43-0028716

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
  • Auto Repair Shop
  • Auto Parts Store Big Box & Wholesale Store
  • Auto Repair Shop
  • Trucking Company
  • Trucking Company

Location

10421 Ford Rd Dearborn, MI 48126
Dearborn metro Census 573501 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.92M
Blend (final) Blend
$1.39M

Owner & transaction history

since 2021
6 recorded transactions
2024
Price N/A
2021
$1.4M
2012
$1.4M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IC · Dearborn, MI
Zoning description

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 INDUSTRIAL DISTRICT[1] ARTICLE 19.00 - I-B, MEDIUM INDUSTRIAL DISTRICT[1] ARTICLE 20.00 -…

General category INDUSTRIAL
Top alternative use upside
Neighborhood: shopping center $3.0M +112.6%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message