Current Use by Public Records
- Westland Bulk Foods & Smoothies / Specialty Food Shop / Candy Store
- West Ridge / Shopping Center & Mall
Property Details for 35705 Warren Rd
- Year built
- 1919
- Property type
- Industrial properties
Description
This 3,335 square foot industrial space, located at 35705 Warren Rd in Westland, MI, presents a unique investment opportunity. Situated within the bustling West Ridge strip mall, this established bulk food business boasts a strong location, averaging 9,400 daily visitors. Anchored by prominent retailers such as Party City, Five Below, Bath & Body Works, and Petco, and adjacent to CRUNCH Fitness, the property benefits from high foot traffic and excellent visibility. The business, operational since September 2019, has a transferable lease with five years remaining at a gross monthly rent of $3,850. A substantial $150,000 was invested in the buildout, encompassing high-quality flooring, lighting, specialized bins, and essential equipment. Currently operating with three employees and an absentee owner, the business generates an average monthly profit of $2,000. However, projections indicate an owner-operator could significantly increase profitability, potentially reaching $60,000 annually. This turnkey operation is ideal for both seasoned entrepreneurs seeking a profitable addition to their portfolio and individuals looking for a full-time business venture with established infrastructure and immediate revenue generation. The property is priced at $79,900.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Westland
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3943
- Latitude
- 42.3387
