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    Wayne Rd Wayne, MI 48184

    Sponsored
    For Sale
    $1,299,000

    High-traffic, 3-unit retail center in Wayne, MI.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a fully occupied, three-unit retail center ideally situated on S Wayne Road in Wayne, Michigan. Boasting a prime location in an established retail hub, this property benefits from high visibility and significant daily traffic exceeding 20,000 vehicles. The center is surrounded by major national retailers such as Kroger, CVS, Dollar General, and McDonald's, ensuring a strong customer base. All three units are currently occupied by long-term tenants with leases exceeding 20 years, and all are planning to renew, providing immediate and consistent cash flow. Current rental rates are below market value, presenting a significant opportunity for future income growth under new ownership. The property sits on a 0.54-acre lot and serves a substantial population base of over 150,000 residents within a five-mile radius. This presents a rare chance to acquire a stable, high-performing retail investment in a thriving commercial corridor. The property's strong tenant occupancy, long-term leases, and prime location make it an attractive investment for both seasoned and new investors seeking a reliable and potentially high-return asset. The asking price is $1,299,000.

    Property Features for Wayne Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    23,522 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wayne
    County
    Wayne
    State
    Michigan
    Longitude
    -83.38467
    Latitude
    42.2882

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic, 3-unit retail center in Wayne, MI.
    Where is this commercial real estate located?
    The property is located at Wayne Rd Wayne, MI.
    What is the asking price?
    The asking price for this property is $1,299,000.
    (248) 991-9588
    Request Owner's contact information
    Wayne Rd 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
    Wayne Rd Wayne, MI 48184
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