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Property profile & analytics
FOR LEASE
Retail space

15322 W Warren Ave 1 Dearborn, MI 48126

2,000 SF 0.05 ac lot Built 1946
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1727093
Property summary
AI-generated overview

This 2,000 square foot industrial property located at 15322 W WARREN, Dearborn, MI, presents a unique investment opportunity. Situated on a 0.05-acre lot, the property currently operates as a thriving smoke shop, generating a stable monthly lease income of $2,000. The business boasts a diverse inventory and benefits from its location in a high-traffic area, ensuring consistent customer flow. The existing lease provides a secure return on investment while offering significant potential for future growth and expansion. The property's strong performance history, coupled with its prime location, makes it an attractive proposition for investors seeking a turnkey business with established revenue streams. The building itself offers ample space for retail operations and storage, allowing for efficient management of inventory and customer service. This is a rare opportunity to acquire a profitable, established business in a desirable location with significant upside potential. The property is priced at $79,900, representing a compelling value proposition given the current lease income and the potential for future growth. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1946
Total area 2,000 SF
Lot 0.05 ac (2,178 SF)
Zoning code BB
APN 82 10 063 30 027
UPID US43-1727093
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
Current use
Occupant on record · Public records
  • Hookah Plus (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Diane Property Management LLC · 4 yrs held
Diane Property Management LLC
since 2022
3 recorded transactions
2022
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BB · Dearborn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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
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