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Property profile & analytics
FOR LEASE
Industrial properties

15301 Mercantile Dr Dearborn, MI 48120-1265

25,464 SF 3.09 ac lot Built 1985
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1323457
Property summary
AI-generated overview

This exceptional 24,600-square-foot warehouse, located at 15301 Mercantile Drive in Dearborn, Michigan, presents a significant opportunity for businesses seeking single-tenant occupancy. The property boasts a desirable location within Wayne County, specifically zoned Industrial, I-1, ensuring flexibility for a variety of industrial uses. The building features a substantial 13-foot ceiling height, providing ample vertical space for storage and operations. Access is facilitated by one dock-high door, streamlining loading and unloading processes. The entire 24,600 square feet is currently vacant, offering immediate occupancy for a new tenant. The property's address is 15301 Mercantile Drive, Dearborn, MI 48120. Its strategic location within Dearborn, combined with its generous square footage and functional design, makes this warehouse an ideal solution for companies requiring significant space and efficient operations. The property type is classified as Industrial, with a subtype of Warehouse and Industrial. This single-tenant building offers a unique opportunity to establish a strong presence in a thriving industrial area. The property is ready for immediate occupancy. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1985
Total area 25,464 SF
Lot 3.09 ac (134,600 SF)
Zoning code IA
APN 82 10 191 09 010
UPID US43-1323457
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.97M
Blend (final) Blend
$520k
Owner & transaction history
Fairlane Venture Fifteen Lc · 13 yrs held
Fairlane Venture Fifteen Lc
since 2013
1 recorded transaction
2013
Price N/A
Zoning & alternative use
IA · Dearborn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 - I-A, LIGHT INDUSTRIAL DISTRICT[1] ARTICLE 19.00 - I-B, MEDIUM INDUSTRIAL DISTRICT[1] ARTICLE 20.00 - I-C, INTENSIVE INDUSTRIAL DISTRICT[1] A…

Zone name Light Industrial District
General category INDUSTRIAL
Zone area 503.44 ac
Source Sec. 1.01. - Short title.
Top alternative use upside
Retail stores $3.0M +132.7%
Medical building $2.7M +108.7%
Commercial (general) $2.6M +101.8%
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