6650 Chase RdDearborn, MI 48126

Property Details for 6650 Chase Rd

Year built

1969

Lot size

1.35 AC

Property size (Sq ft)

18,096 SF

Zone code

IB

Property type

Warehouses

APN

82 10 072 10 010

APU

821007210010

Description

This Dearborn, Michigan warehouse presents a compelling investment opportunity. The 18,096 square foot building sits on a 1.35-acre lot and is currently generating a substantial monthly rental income of $18,000 from two tenants under a gross lease. The property boasts 40 parking spaces and is strategically located in Dearborn, MI, providing easy access to major transportation routes and a skilled workforce. The current lease has a remaining term of three years with a total lease term of five years, offering immediate cash flow and long-term stability. The building's size, prime location, and strong rental income make it an attractive asset in a vibrant market. The asking price is $2,100,000, representing a 10% capitalization rate. This multi-tenant industrial property is ideal for investors seeking a stable, high-yield investment in a desirable location. The property is zoned for industrial use and offers significant potential for future growth and appreciation. The address is 6650 Chase Rd, Dearborn, MI 48126. This is a turnkey investment opportunity with a proven track record of success.

• Alternative Use

  Use

  Valuation

  Residential

  $4,307,994

  Hospitality

  $3,946,099

  Educational

  $3,283,108

  Medical

  $3,396,019

  Retail

  $5,107,056

Location Insight

City

Dearborn

County

Wayne

State

Michigan

Latitude

42.3396

Longitude

-83.1853

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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