Property summary
This exceptional 26,520-square-foot warehouse, situated on a 1.56-acre lot in Dearborn Heights, Michigan, presents a compelling investment opportunity. Built in 1974, the single-story structure boasts a desirable MX Industrial - Commercial Mixed Use zoning, offering versatility for a range of businesses. The property features four dock-high doors, facilitating efficient loading and unloading, and a generous ceiling height ranging from 22 to 24 feet, providing ample vertical space for storage or operations. Twenty parking spaces are available on-site for employees and visitors. The strategic location off Van Born Road provides easy access to Telegraph Road and I-94, ensuring seamless transportation and logistics. The asking price is $2,121,600, translating to an attractive price per square foot of $80. The property is available for occupancy on November 1, 2023. In addition to the dock-high doors, there is also one drive-in door. This warehouse offers a blend of functionality, accessibility, and location, making it an ideal choice for businesses seeking a well-maintained and strategically positioned industrial space in the thriving Dearborn Heights market. The property's zoning allows for a variety of commercial uses, expanding its potential appeal to a wide range of prospective buyers.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Auto Parts Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Sec. 36-62. - M2, Medium industrial district. (a) Intent. The medium industrial district, designated M2, is hereby established to permit certain industries to locate in desirable areas of the city, based upon the compreh…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Dearborn Heights market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M-2 · Dearborn Heights, MISec. 36-62. - M2, Medium industrial district. (a) Intent. The medium industrial district, designated M2, is hereby established to permit certain industries to locate in desirable areas of the city, based upon the compreh…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Sec. 36-62. - M2, Medium industrial district. (a) Intent. The medium industrial district, designated M2, is hereby established to permit certain industries to locate in desirable areas of the city, based upon the compreh…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-2 in Dearborn Heights, MI.
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