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    5006 Wayne Rd Wayne, MI 48184

    Sponsored
    For Sale
    $224,900

    Established eatery, turnkey operation, prime location.

    Property size:
    2,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional opportunity presents the chance to acquire a well-established Coney Island restaurant located at 5006 S Wayne Road in Wayne, Michigan. The property boasts a substantial 2,500 square feet of space situated on a 0.11-acre lot. This turnkey operation is being offered for sale due to the owner's retirement. The sale includes the real estate and the entire business, representing a unique chance to step into a ready-made, profitable venture. All existing equipment and furnishings are included in the sale price of $224,900, eliminating the need for significant upfront investment in new infrastructure. The restaurant has cultivated a loyal customer base over many years, providing a solid foundation for continued success. Financial records are available upon request, offering potential buyers a comprehensive understanding of the business's performance and profitability. This is a rare opportunity to acquire a thriving business with a proven track record in a desirable location. The property's prime location ensures high visibility and accessibility, contributing to its consistent success. Don't miss this chance to own a piece of Wayne's culinary history and build upon its established legacy.

    Property Features for 5006 Wayne Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    2,500 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1919
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Wayne
    State
    Michigan
    Longitude
    -83.38892
    Latitude
    42.27124

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    FAQs

    What type of property is this?
    Industrial property - Established eatery, turnkey operation, prime location.
    Where is this industrial property located?
    The property is located at 5006 Wayne Rd Wayne, MI.
    What is the asking price?
    The asking price for this property is $224,900.
    (313) 752-0000
    Request Owner's contact information
    5006 Wayne Rd 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
    5006 Wayne Rd Wayne, MI 48184
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