15201 Mercantile Drive Dearborn, MI ^$ 2,950,000

15201 Mercantile Drive

^$ 2,950,000

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15201 Mercantile Drive

Dearborn, MI, 48120

^$ 2,950,000

Bedrooms-- Baths-- Sq 27,711

Monthly Estimate*

^$ 18,627

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Commercial Property for sale in Dearborn, MI

for $2,950,000. This 27,711 square foot building was built in 1986 on a lot size of 1.93.

Automotive Opportunity with over 27,000 SF! Formerly the Dinolab and Continental building, this property offers a great opportunity for an automotive business looking for a well-suited location. Zoned Light Industrial, the property features an existing automotive history and a functional layout ideal for a variety of automotive and industrial uses. With 27,711 SF of space, this facility offers plenty of room for operations, service bays, storage, and more. Contact us today for more information or to schedule a tour!

Commercial Active

Price

^$ 2,950,000

Property Type

Commercial

Taxes

^$ 33,541

Style

RealEstateOnly

Lot Size

1.93

Year Built

1986

Town/City

Dearborn

County/Region

Wayne

MLS | Web ID

20261075037

Features

General

Sewer PublicSewer

Possession AtClose

Garage Spaces 0.0

Construction Materials Block

Year Built 1986

Property Subtype RealEstateOnly

Current Use Commercial

County Wayne

Net Operating Income 0.0

Operating Expense 0.0

New Construction N

Property Type CommercialSale

HOA N

Attached Garage N

Subdivision Name FAIRLANE COMMERCE PARK NORTH

Garage Y/N N

Status Active

Directions Mercantile Dr

City DearbornCity_Wayne

Senior Community Y/N N

High School District Dearborn

Zoning Description Commercial

MLS Area Area05093Dearborn

Lot Size Units Acres

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 33541.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Vacant

Tax Assessed Value 511401

Expected Active Date 2026-09-17

Legal Description LOT 21 FAIRLANE COMMERCE PARK NORTH SUB

Exterior

Water Source Public

Foundation Details Slab

Spa N

Building Area Total 27711.0

Lot Dimensions 289x290

Lot Size Acres 1.93

Waterfront Y/N N

Road Frontage Type Paved

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Above Grade Finished Area 27711.0

Above Grade Finished Area Unit Type SquareFeet

Internal Only

Street Number 1 15201

* Excluded Features

List By

Nick Jaafar

Listing Agent

Keller Williams Legacy

Broker

(313) 228-3777

Phone

Affordability Calculator

$21,422

Per Month

Monthly Principal & Interest: $18,627
Monthly Property Taxes: $2,795
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Dearborn, MI

Average List Price ^$221,701

Percent of Sale Price 92%

About Dearborn, MI

99,037 Population

1% Since 2002

^$49,400 Median Income

34.6 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

848133 Elementary School

848587 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/17/2026	$2,950,000		Listed Price

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15201 Mercantile Drive, Dearborn, MI, 48120 is a Commercial Property for sale at $2,950,000 with 27,711 sqft and a lot size of 1.93. 15201 Mercantile Drive was built in 1986. The property's zip code is 48120 which is in Dearborn, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 9/29/2026.

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15201 Mercantile Drive

Commercial Property for sale in Dearborn, MI

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