Property profile

15350 N Commerce Dr Dearborn, MI 48120

FOR LEASE
Office buildings
Property ID
US43-4906332
12,800 SF 0.99 ac lot Built 1976
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional office property, located at 15350 N. Commerce Drive in Dearborn, Michigan, presents a fantastic leasing opportunity. The building, totaling 12,800 square feet, offers a blend of traditional and executive office spaces, perfect for a variety of businesses. Constructed in 1976 and extensively renovated in 1999, the property boasts a modern feel while maintaining classic architectural elements. Currently, there is 892 square feet of immediately available space for lease, ideal for a smaller business or expansion. The building is zoned for Office - BB use within Wayne County. Ample parking is provided with 60 spaces available for tenants and their guests. The property's prime location in Dearborn, Michigan, zip code 48120, offers easy access to major transportation routes and local amenities. This multi-tenant building provides a professional and efficient work environment. The available space is ready for immediate occupancy. Inquire today to learn more about this exceptional leasing opportunity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1976
Total area 12,800 SF
Lot 0.99 ac (43,124 SF)
Zoning code BB
APN 82 10 191 04 004
UPID US43-4906332

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
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Tax Preparation
  • Trucking Company
  • Construction Company
  • Social Service Agency Charitable Organization

Location

15350 N Commerce Dr Dearborn, MI 48120
Dearborn metro Census 983700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$1.27M

Owner & transaction history

Zoning & alternative use

BB · Dearborn, MI
Zoning description

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 -…

General category COMMERCIAL
Top alternative use upside
Restaurant $1.8M +5.3%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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