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    32711 Michigan Ave Wayne, MI 48184

    For Sale
    $450,000

    Business And Real Estate - Wayne, MI

    Property size:
    4,470 SF
    Lot size:
    0.49 Acres
    Days on Market:
    69
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 32711 Michigan Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    55001020026302
    Size
    4,470 SF
    Lot size
    0.49 Acres

    Utilities

    Heating system
    Central, Forced Air

    Building Details

    Year built
    1965
    Floors in Building
    1
    Building materials
    Block, Brick
    Roof type
    Asphalt, Rubber
    Architectural style
    Other

    Top Agent Referral LLC (734) 699-4000 [email protected]

    Listing agent Glenn Silvenis (734) 699-4000

    Listing date Sep 29, 2025

    MLS# 20230026266 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant on Michigan Avenue

    This is a long-established restaurant located on high-traffic Michigan Avenue in Wayne, Michigan. The property has been under the same ownership for 50 years. The building features an open floor plan with many windows providing natural lighting. The total area is over 4,400 square feet. The property also includes a large basement and an unfinished upper level. The lot size is 0.49 acres. The property is zoned commercial, offering opportunities and options to expand the business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3622316
    Latitude
    42.2829746

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    FAQs

    What type of property is this?
    Restaurant - Long-established restaurant for sale on high-traffic Michigan Avenue.
    Where is this restaurant located?
    The property is located at 32711 Michigan Ave Wayne, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Long-established restaurant with a strong reputation, owned for 50 years.; - High-traffic location on Michigan Avenue in Wayne, Michigan.; - Large 4,400+ square foot open floor plan with abundant natural light.
    (734) 699-4000
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32711 Michigan Ave Wayne, MI 48184
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