Property profile

3200 Greenfield Rd Dearborn, MI 48120

FOR LEASE
Office buildings
Property ID
US43-0529144
147,942 SF 14 ac lot Built 1988
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Class B office building, located at 3200 Greenfield Road in Dearborn, Michigan, offers a prime opportunity for businesses seeking flexible and modern workspace. Built in 1988 and extensively renovated in 2015, the property boasts a total of 136,553 square feet across a single building situated on a spacious 14-acre lot. The building is zoned IA and is conveniently located in Wayne County, with easy access to major transportation routes. Multiple tenancy options are available, with spaces ranging from a minimum of 793 square feet to a maximum contiguous space of 12,970 square feet. Currently, there are 26,690 square feet of vacant space ready for immediate occupancy. Ample parking is provided with 606 spaces available for tenants and their guests. The property's traditional office layout offers a versatile environment suitable for a variety of businesses. This is an excellent opportunity to secure high-quality office space in a desirable Dearborn location. The property's size and layout provide significant flexibility for businesses of all sizes, from small startups to large corporations. The 2015 renovation ensures modern amenities and a comfortable working environment. Contact us today to schedule a viewing and explore the possibilities. Zip code: 48120.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Total area 147,942 SF
Lot 14 ac (609,840 SF)
Zoning code IA
APN 82 10 194 01 007
UPID US43-0529144

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
  • Industrial Manufacturer Production Facility
  • Consultant
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Charitable Organization Social Service Agency
  • Freight Service Logistics Company

Location

3200 Greenfield Rd Dearborn, MI 48120
Dearborn metro Census 983700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$14.66M
Blend (final) Blend
$14.66M

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2025
Price N/A
2012
Price N/A
1969
Price N/A

Zoning & alternative use

IA · Dearborn, MI
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 -…

General category INDUSTRIAL
Top alternative use upside
Restaurant $21.2M +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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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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