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    626 S Wayne Rd Westland, MI 48185

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    For Sale
    $399,000

    Commercial land for redevelopment with high traffic and stellar demographics.

    Lot size:
    1.10 Acres

    Property Features for 626 S Wayne Rd

    General Information

    Lot size
    1.10 Acres

    Source: Colliers Agent Simon Jonna

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land Redevelopment Opportunity

    This commercial land presents a redevelopment opportunity on Wayne Road, benefiting from CB-1 zoning, which allows for low-intensity commercial business. The location is approximately 20 minutes from Detroit Metropolitan Airport and offers close proximity to I-275. Situated in a commercially developed and highly populated area, the site experiences high traffic volume, with 24,918 vehicles per day on Wayne Road. The property features 154 feet of frontage on Wayne Road and 86 feet on Oakwood Road. The surrounding area boasts strong demographics, including a population of over 288,000, an average household income exceeding $87,000, and more than 8,516 businesses within a 5-mile radius. The total annual household expenditure budget in the same 5-mile radius is over $9 billion.
    Insight Report Location Intelligence

    Current Use by Public Records

    $5 car wash Car Wash Westland Porta Potties ... Construction Equipment Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.38821
    Latitude
    42.313976

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    FAQs

    What type of property is this?
    Land - Commercial land for redevelopment with high traffic and stellar demographics.
    Where is this land located?
    The property is located at 626 S Wayne Rd Westland, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - High Traffic Volume: 24,918 Vehicles Per Day on Wayne Road; - Stellar Demographics: 288k+ Population, $87k+ Average Household Income, & 8,516 Businesses in 5-Mile Radius; - CB-1 Zoning: Low Intensity Commercial Business
    (249) 540-1000
    Request Owner's contact information
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    Westland, MI 48185
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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
    626 S Wayne Rd Westland, MI 48185
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