For Sale
$600,000

10425 Warren Ave Dearborn, MI 48126

Prime Dearborn location, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Dearborn, Michigan retail property, located at 10425 W Warren Ave, offers a compelling investment opportunity. The 3,276 square foot building sits on a 0.1-acre lot and is currently 100% occupied by a single tenant under a gross lease, expiring October 31, 2025, with one year remaining. The property boasts a strong net operating income (NOI) of $29,640, resulting in a 4.94% capitalization rate. Built in 1993, this single-story structure features a versatile layout ideal for various uses, including a grocery store, pharmacy, or restaurant. The property includes walk-in coolers and freezers, and a convenient rear garage bay door. Zoned for commercial use, this high-visibility location on Warren Avenue in East Dearborn provides excellent access within a bustling business district. The asking price is $600,000. Buyer to verify all information.

Property Details for 10425 Warren Ave

Property type
Retail properties, Restaurants
Square Feet
3,276 SF
Year Built
1993
Stories
1
Lot Size (sq. ft)
4,356 SF
Units
1

Location Insight

City
Dearborn
County
Wayne
State
Michigan
Latitude
42.3441246
Longitude
-83.1627905

FAQs

What type of property is this?
Retail property - Prime Dearborn location, high visibility.
Where is the retail property located?
The property is located at 10425 Warren Ave Dearborn, MI.
What is the asking price?
The asking price for this property is $600,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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10425 Warren Ave
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