3200 Greenfield RdDearborn, MI 48120

  • Office buildings
  • 147,942 SF
For Lease
$17.95/SF/YR View listing

Property Details for 3200 Greenfield Rd

Year built
1988
Lot size
14.00 AC
Property size (Sq ft)
147,942 SF
Zone code
IA
Property type
Office buildings
APN
82 10 194 01 007
APU
821019401007

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $30,769,776
    6.5%
    $28,402,870
    7%
    $26,374,094
  • Comparable approach

    Method
    Valuation
    Relative Method
    $13,838,495
    Geo Method
    $13,838,495
  • Alternative Use

    Use
    Valuation
    Residential
    $35,219,560
    Hospitality
    $32,260,926
    Educational
    $26,840,712
    Medical
    $27,763,806
    Retail
    $41,752,220

Location Insight

City
Dearborn
County
Wayne
State
Michigan
Latitude
42.3049
Longitude
-83.1849
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$217,209
-
-
$4,399,600
-
-
-
$8,799,200

FAQs

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