30600-30712 Michigan Ave, Westland, MI 48186

Building Details

Building Size 143,526 SF More

Year Built 1931 More

Listing Agency: Signature Associates - Southfield

Listed By: Steven G. Gordon Show Phone

Source: Cpix.resimplifi

Added: Jul 9 Changed: Nov 3 Last Checked: Nov 8 at 2:28AM

Report an Issue

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 Signature Associates - Southfield

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The Eloise Complex is a mixed-use property comprising approximately 143,526 square feet across 16.47 acres. Improvements include the historic former Eloise Hospital, built in 1931, along with the existing Eloise Haunted Tours operation. The property combines substantial building area with a multi-parcel land position in Westland.

Zoning is designated OB, with the property information identifying flexibility for residential, office, commercial, and mixed-use development. The assemblage includes parcel numbers 56-072-99-0003-720, -721, -719, -722, and -723, providing a documented basis for evaluating the property as a larger redevelopment or adaptive-reuse opportunity.

Key Highlights

• Approximately 143,526 square feet across 16.47 acres
• Historic former Eloise Hospital built in 1931
• Existing Eloise Haunted Tours operation

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$494,088

Cap Rate

7.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,881,760 $9.9M

Cap Rate 7%

$7,058,400 $7.1M

Cap Rate 9%

$5,489,867 $5.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 143,526 SF

Gross rent

$861.2K $6.00/SF

− Vacancy

−$202.4K −$1.41/SF

EGI

$658.8K $4.59/SF

− OpEx

−$164.7K −$1.15/SF

NOI

$494.1K $3.44/SF

Area

Wayne County, MI

Vacancy

23.50%

Lease Rate

$6.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,881,760

Cap Rate 7%

$7,058,400

Cap Rate 9%

$5,489,867

Alternative Uses

Best Use

Mixed Use

$24.36M

$21.31M – $28.42M (±1% cap)

NOI $1,705,089 @ 7.0% cap · market cap 26.23%

Second Best

Office B

$7.06M

$6.18M – $8.23M (±1% cap)

NOI $494,088 @ 7.0% cap · market cap 7.60%

Theoretical Best

Specialty Retail

$26.57M

$23.25M – $31.00M (±1% cap)

NOI $1,860,097 @ 7.0% cap · market cap 28.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Spa & Massage Center Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

223

Businesses Nearby

Explore this area Business Placement

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

Average Price Trend$/SF for Mixed-use properties in Wayne County, MI

$187 Jul

$85.24 Aug

$98.89 Sep

$133 Oct

Properties on Market for Mixed-use properties in Wayne County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Similar For Sale Nearby

See more

For-Sale Office Building

6149 N Wayne Road, Westland, MI 48185

$1,550,000

View details

Two-Unit Mixed-Use Building

1030 N Wayne Road, Westland, MI 48185

$189,900

1,755 SF

View details

Corner Office Building

1014 N Wayne Rd, Westland, MI 48185

$199,999

View details

Medical Office Portfolio

35150-35360 Nankin Blvd., Westland, MI 48185

Contact for pricing

1,475 SF

View details

Leased Kohl’s Retail Investment

35000 Warren Rd, Westland, MI 48185

Contact for pricing

90,860 SF

View details

Remodeled Freestanding Industrial Building

6519 N Hix Rd, Westland, MI 48185

$2,350,000

23,470 SF

View details

Storefront Property with Additional Building

29311 Ann Arbor Trl, Westland, MI 48185

$2,200,000

20,812 SF

View details

Retail Shopping Center

1529 S Wayne Rd, Westland, MI 48186

$1,650,000

21,819 SF

View details

Multi-Service Car Wash

28735 Joy Rd, Westland, MI 48185

$1,700,000

10,080 SF

View details

Light Industrial Warehouse

725 Manufacturers Dr, Westland, MI 48186

$1,150,000

10,006 SF

View details

Warehouse with Back Lot

6232 E. Executive Dr, Westland, MI 48185

$975,000

8,136 SF

View details

7-Unit Strip Mall

35113 Warren Rd, Westland, MI 48185

$975,000

7,500 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - OB zoning supports residential, office, commercial, and mixed-use development options.

Where is this mixed-use property located?

The property is located at 30600-30712 Michigan Ave Westland, MI.

What is the asking price?

The asking price for this property is $6,500,000.

What are key features of this property?

This property features: Approximately 143,526 square feet across 16.47 acres; Historic former Eloise Hospital built in 1931; Existing Eloise Haunted Tours operation