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    40450 Michigan Ave Canton, MI 48188

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    For Lease
    $22 SF/Yr ($6,413 /Mo)

    Former Wendy's drive-thru restaurant for lease on Michigan Avenue.

    Property size:
    3,498 SF
    Lot size:
    1.18 Acres

    Property Features for 40450 Michigan Ave

    General Information

    Size
    3,498 SF
    Lot size
    1.18 Acres

    Source: Signature Associates Agent Bruce Baja

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

    Overview

    Former Drive-Thru Restaurant Available

    This is a former drive-thru restaurant available for lease. The property is located on Michigan Avenue in Canton, near the I-275 freeway exit. The location is near the Ford Assembly plant, which employs 6,000 workers. The property has a size of 3498 square feet and was formerly a Wendy's.
    Insight Report Location Intelligence

    Current Use by Public Records

    Wendy's Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4375487
    Latitude
    42.2807938

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    FAQs

    What type of property is this?
    Drive through restaurant - Former Wendy's drive-thru restaurant for lease on Michigan Avenue.
    Where is this drive through restaurant located?
    The property is located at 40450 Michigan Ave Canton, MI.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Former Wendy's drive-thru restaurant: **Ready-made infrastructure for a quick-service restaurant.**; - High-traffic location on Michigan Avenue: **Excellent visibility and accessibility.**; - Proximity to I-275 freeway exit: Convenient access for travelers.
    (313) 492-0957
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    Canton, MI 48188
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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
    40450 Michigan Ave Canton, MI 48188
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