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3000 Miller Rd Dearborn, MI 48120

Industrial properties Google Maps
303,705 SF 17.28 ac lot Built 1984
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$19.55M
Range $17.59M – $21.50M (±10%)
Property ID US43-1745406

Property summary

AI-generated overview

This exceptional industrial property, located at 3000 Miller Road in Dearborn, Michigan, offers a unique opportunity for businesses seeking flexible and expansive warehouse or manufacturing space. The 17.3-acre site encompasses six single-story buildings totaling 264,736 square feet, with a significant 175,200 square feet currently vacant. Individual spaces range from a minimum of 33,254 square feet to a maximum contiguous space of 87,600 square feet, providing ample room for various operational needs. Built in 1970, the property boasts impressive ceiling heights ranging from 39 to 113 feet, ideal for high-volume storage and manufacturing processes. The property benefits from robust power infrastructure, featuring two 40 MW power sources, ensuring reliable energy supply for demanding operations. Zoned for heavy industrial use, this location is perfectly suited for a wide range of businesses. The property's Wayne County location (APN 32-10-201-03-002) and Dearborn, MI 48120 address provide excellent access to major transportation routes and a skilled workforce. This is a rare opportunity to secure a substantial and well-equipped industrial space in a prime location. Contact us today to learn more about leasing options.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1984
Total area 303,705 SF
Lot 17.28 ac (752,717 SF)
Zoning code ID
APN 82 10 201 03 002
UPID US43-1745406

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
  • Atm
  • Industrial Manufacturer Production Facility
  • Industrial Manufacturer Production Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$19.54M
Blend (final) Blend
$19.55M

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2022
Price N/A

Zoning & alternative use

ID · Dearborn, MI
Zoning description

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] ARTICLE 21.00 - I…

General category INDUSTRIAL
Top alternative use upside
Medical building $31.9M +108.7%
Commercial (general) $30.9M +101.8%
Neighborhood: shopping center $24.2M +57.9%

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?”
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