34233 MICHIGAN Avenue, Wayne, MI 48184
Real Estate Only - Wayne, MI
- Added:
- Apr 17, 2025
- Days on Market:
- 421
- Last Refresh:
- Jun 11 at 5:06 pm
Property Features for 34233 MICHIGAN Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Light Industrial
- Exterior features
- Garage
- Standard status
- Active
- APN
- 55017010623000
- Size
- 4,128 SF
- Lot size
- 0.82 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6089
Building Details
- Building materials
- Brick, Metal Siding, Other
- Roof type
- Asphalt, Metal
- Architectural style
- Other
- Additional Structures
- Garage(s)
Listing agent Hassan T Bazzi (248) 672-2185
Listing office Keller Williams Advantage 39500 Orchard Hill Place Ste 100, Novi, MI (248) 380-8800
Listing date Apr 17, 2025
Copyright © 2026 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.
HighLights
- Prime one‑acre commercial real estate in Wayne's downtown DDA district on Michigan Avenue (US‑12).
- Includes a two‑story brick Craftsman‑style building and a 40' X 60' steel warehouse.
- Zoned Commercial - Business Industrial, suitable for various business concepts (construction, landscaping, auto, storage, franchise, etc.).
- Updated with three water catch basins for storm‑water runoff management.
- Warehouse contains two drains and an oil sump drain.
- Close proximity to Detroit Metro Airport (DTW), I‑275, I‑94, Ford Motor Wayne Assembly Plant, and downtown Wayne amenities.
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $7.68 |
| − Vacancy | −$1.2k | −$0.28 |
| EGI | $30.5k | $7.40 |
| − OpEx | −$4.6k | −$1.11 |
| NOI | $26.0k | $6.29 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Storage Sense - Wayne — 34333 Michigan Ave, Wayne, MI 48184
Location Insight
- Map
- Local Demand
- City
- Wayne
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3754562
- Latitude
- 42.2806416
