Property profile

7630 Schaefer Rd Dearborn, MI 48126

OFF-MARKET
Bowling alleys
Property ID
US43-0404988
14,635 SF 0.46 ac lot Built 1948
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 14,635-square-foot industrial building in Dearborn, MI, presents a remarkable opportunity. Located on a 0.46-acre lot with 200 feet of frontage on Schaefer Road, this fully renovated property offers unparalleled versatility. The expansive open floor plan features soaring ceilings, providing ample space for a wide range of industrial or commercial uses. The property's strategic location ensures high visibility and easy access for both employees and customers. A significant advantage is the large paved parking lot situated directly across the street, providing abundant parking for staff and visitors. Originally designed for wholesale operations, the seller is willing to include existing racking and cashier stations, representing a substantial cost savings for the buyer. This turn-key property is ready for immediate occupancy and offers endless potential for a variety of businesses seeking a well-maintained, spacious, and conveniently located industrial space. The asking price is $1,499,500. This is a rare opportunity to acquire a high-quality industrial property in a prime Dearborn location. Don't miss out on this exceptional investment.

Property profile

Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 1948
Total area 14,635 SF
Lot 0.46 ac (20,038 SF)
Zoning code BB
APN 82 10 053 12 002
UPID US43-0404988

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7630 Schaefer Rd Dearborn, MI 48126-1159
Dearborn metro Census 573701 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
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2021
Last sale
$466,000
2 recorded transactions
2021
Price N/A
2021
$466,000

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

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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