Property profile

15200 N Commerce Dr Dearborn, MI 48120

FOR SALE
Manufacturing properties
Property ID
US43-1020049
67,661 SF 5.82 ac lot Built 1972
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property, located at 15200 N. Commerce Drive in Dearborn, Michigan, presents a significant opportunity. The single-story warehouse building encompasses 66,596 square feet, with approximately 10% dedicated to office space. Constructed in 1972, the building sits on a generous 5.82 acres of land, providing ample room for expansion or outdoor storage. The warehouse boasts a substantial 21-foot ceiling height, ideal for various industrial uses and high-volume storage. The property offers significant parking capacity with 365 spaces available for employees and visitors. Furthermore, the building is equipped with heavy power, catering to businesses with significant energy demands. The property's single-tenant occupancy provides stability and ease of management. Its strategic location in Dearborn, MI, zip code 48120, offers convenient access to major transportation routes and a skilled workforce. This property is an excellent investment for businesses seeking a functional and spacious warehouse in a prime location. The building's size, features, and location make it a highly desirable asset in the Dearborn industrial market.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1972
Construction BRICK
Total area 67,661 SF
Lot 5.82 ac (253,519 SF)
Zoning code IA
APN 82 10 191 04 006
UPID US43-1020049

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15200 N Commerce Dr Dearborn, MI 48120
Dearborn metro Census 983700 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
$5.25M
Blend (final) Blend
$5.25M

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2020
Price N/A
2015
$2.3M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IA · Dearborn, MI
Zoning description

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 -…

General category INDUSTRIAL
Top alternative use upside
Retail stores $7.9M +132.7%
Medical building $7.1M +108.7%
Commercial (general) $6.9M +101.8%

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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