Contact Property

NNN Investment Sale: Newly Renovated & 10 Years of Term

15170 N. Commerce Drive, Dearborn, MI 48120

  • For Sale $3,700,000
  • City Dearborn
  • Neighborhood Springwells - East Townhouse
  • Zip Code 48120
  • Market Detroit
  • Property Type Office - General Office
  • Property Size 15,000 Sqft
  • Lot Size 1.5 Acre
  • Building Class A
  • Year Built 1983
  • Year Renovated 2016
  • Date Updated 05 May, 2021
Dearborn, Michigan is the headquarters of Ford Motor Company. Accordingly, it comes to no surprise that approximately 10% of the office space in Dearborn is occupied by the automotive goliath and other associated automobile suppliers. Despite concerns surrounding the Covid-19 pandemic, there is good market optimism as Dearborn boasts daytime populations in excess of 150,000 residents, and remains a top tier sub-market that is valued at over $1 billion. The market takes advantage of the significant amount of white-collar jobs in the finance and professional business sectors that are in the outer suburbs of Detroit, as well as its proximal location between Detroit proper and Ann Arbor, Michigan, shadowed by the new Ford Motor Company redevelopment. Average vacancy rates of 8.5% are reported with 4-5 Star properties reporting higher rates while lower-ranked properties have been reporting below-average vacancy rates less than 7%. Market rents are sitting at just above $20/SF.
read more read less

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

Jacob J. Zammit

Avison Young

(313) 209-4118

Frequently Asked Questions

What is the lease rate for NNN Investment Sale: Newly Renovated & 10 Years of Term?

Rental asking rate at NNN Investment Sale: Newly Renovated & 10 Years of Term is Subject To Offer per square foot.

What is the total square footage of NNN Investment Sale: Newly Renovated & 10 Years of Term?

NNN Investment Sale: Newly Renovated & 10 Years of Term totals 15,000 square feet.

When was this property built?

NNN Investment Sale: Newly Renovated & 10 Years of Term was built in 1983.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Attachments

Contact Listing Broker

Jacob J. Zammit

Avison Young

(313) 209-4118

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.