Retail Shopping
For Sale
$1,650,000
1529 S Wayne Rd, Westland, MI 48186
Commercially zoned center with existing retail tenants along Wayne Road.
Property Size21,819 SF
Price / SF$75.62
Days on Market676
Property Features for 1529 S Wayne Rd
General Information
Standard status
Active
Size
21,819 SF
Property subtype
Retail
Zoning
COMMERCIAL
Building Details
Building Size
21,819 SF
Year Built
1958
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Thomas A. Duke Company
(313) 478-5400
Listed By:
Frank Rakipi
(313) 478-5400
Source:
Cpix.resimplifi
Added: Oct 24, 2024
Changed: Aug 30
Last Checked: Aug 30 at 12:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This 21,819-square-foot shopping center was built in 1958 and carries commercial zoning. The property has existing income-producing occupancy with a tenant mix described as including national and regional retailers.
The center fronts 320 feet along S Wayne Road in Westland, Michigan, south of Ford Road. Its setting is described as a densely populated neighborhood within a strong retail trade area, providing established surrounding residential presence and access to the Wayne Road corridor.
The center fronts 320 feet along S Wayne Road in Westland, Michigan, south of Ford Road. Its setting is described as a densely populated neighborhood within a strong retail trade area, providing established surrounding residential presence and access to the Wayne Road corridor.
Key Highlights
- 21,819 SF shopping center
- 320 feet of frontage on Wayne Road
- Commercial zoning
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
70k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Superstores 26%
Dining 12%
Electronics 10%
Big Lots
Superstores
18,168 visits/mo
0.3 miles
Shell
Shops & Services
10,724 visits/mo
0.3 miles
Red Lobster
Dining
7,177 visits/mo
0.4 miles
Nankin Hardware & Hobby
Home Improvements & Furnishings
5,621 visits/mo
0.4 miles
Zeal Credit Union
Shops & Services
4,242 visits/mo
0.4 miles
Demographics for 48186, MI
35,690
Population
14,543
Households
2.5
Avg Household Size
39
Median Age
19%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
4,300
Density / Sq Mi
$67,203
Median Household Income
$37,591
Median Earnings
$1,083
Median Rent
$167,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Commercially zoned center with existing retail tenants along Wayne Road.
Where is this shopping center located?
The property is located at 1529 S Wayne Rd Westland, MI.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 21,819 SF shopping center; 320 feet of frontage on Wayne Road; Commercial zoning
