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    35425 Michigan Ave Wayne, MI 48184

    Sponsored
    For Sale
    $2,998,000

    100K+ SF, 6.27 Acres, High Occupancy

    Property size:
    100,269 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 100,269 square foot industrial property, situated on a generous 6.27-acre lot in Wayne, Michigan, presents a compelling investment opportunity. Currently boasting approximately 40% occupancy, the property features a substantial indoor mall configuration ideal for a variety of uses. The building offers ample parking with 320 spaces available for tenants and visitors. The robust HVAC system comprises 33 rooftop units, ensuring climate control throughout the expansive space. Four tenants currently occupy the building, generating existing income streams. Lease amounts vary among the current tenants. The property's zoning should be independently verified by prospective buyers to ensure compatibility with their intended use. Given the significant square footage and existing tenant base, this property offers substantial potential for growth and return on investment. Showings are by appointment only and require advance notice. This is a rare opportunity to acquire a large-scale industrial property in a desirable location with significant upside potential. The property's size and existing infrastructure make it an attractive option for a variety of businesses seeking a substantial and well-maintained space. Serious inquiries only.

    Property Features for 35425 Michigan Ave

    General Information

    Property type
    Industrial properties
    Square Feet
    100,269 SF
    Lot Size
    273,121 SF

    Building Details

    Year Built
    1919
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Wayne
    State
    Michigan
    Longitude
    -83.38802
    Latitude
    42.28153

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    FAQs

    What type of property is this?
    Industrial property - 100K+ SF, 6.27 Acres, High Occupancy
    Where is this industrial property located?
    The property is located at 35425 Michigan Ave Wayne, MI.
    What is the asking price?
    The asking price for this property is $2,998,000.
    (734) 782-3200
    Request Owner's contact information
    35425 Michigan Ave Wayne, MI 48184
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    Wayne, MI 48184
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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
    35425 Michigan Ave Wayne, MI 48184
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