Property profile

Wayne Rd Wayne, MI 48184

OFF-MARKET
Commercial real estate
0.54 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Lot 0.54 ac (23,522 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Wayne Rd Wayne, MI 48184
Wayne metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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