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10531 Wren St 1,400 SF Retail Building Dearborn, MI 48120 $299,900 ($214.21/SF)
Investment Highlights
- Freestanding commercial building on a corner parcel.
- Convenient connectivity to major regional freeways.
- Former bar configuration offers repositioning potential.
- On-site parking supports customer and employee access.
- Located near Dearborn's industrial and business employment base.
- Reported roof and electrical updates have been completed.
Executive Summary
10531 Wren Street presents an opportunity to acquire a freestanding commercial property in Dearborn, one of Metro Detroit's most established business communities. Positioned on a corner parcel with on-site parking, the property offers visibility and convenient access to regional transportation routes serving Dearborn, Detroit, and surrounding employment centers. Its location near major freeways and the Ford industrial corridor places the asset within a heavily traveled commercial area supported by a diverse workforce and long-standing business activity.
The single-tenant building was originally operated as a neighborhood bar and is now available for repositioning or owner-user occupancy. Recent reported improvements include updates to the roof and electrical systems, providing a foundation for future customization. The building also includes a basement area and a site layout that supports a variety of potential commercial uses subject to local approvals.
Dearborn's proximity to Downtown Detroit, major manufacturing employers, retail destinations, and established residential neighborhoods contributes to continued demand for neighborhood-serving commercial businesses. The property's corner configuration, parking availability, and accessibility create flexibility for entrepreneurs, investors, or operators seeking a standalone commercial location within Wayne County.
The single-tenant building was originally operated as a neighborhood bar and is now available for repositioning or owner-user occupancy. Recent reported improvements include updates to the roof and electrical systems, providing a foundation for future customization. The building also includes a basement area and a site layout that supports a variety of potential commercial uses subject to local approvals.
Dearborn's proximity to Downtown Detroit, major manufacturing employers, retail destinations, and established residential neighborhoods contributes to continued demand for neighborhood-serving commercial businesses. The property's corner configuration, parking availability, and accessibility create flexibility for entrepreneurs, investors, or operators seeking a standalone commercial location within Wayne County.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
1,400 SF
Building Class
C
Year Built
1948
Price
$299,900
Price Per SF
$214.21
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial, was a local bar now closed, has Pawn License may be available for transfer
Frontage
Amenities
- Corner Lot
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32-10-211-06-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $57,600 |
Property Taxes
Parcel Number
32-10-211-06-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$57,600
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10531 Wren St