Freestanding Retail
For Sale
Contact for pricing
34200 Glenwood Rd, Westland, MI 48186
Freestanding building with strong frontage and visibility off Glenwood Rd, positioned directly across from Wayne Memorial High School.
Property Size1,050 SF
Price / SF$0.01
Days on Market343
Property Features for 34200 Glenwood Rd
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Retail
Zoning
R-5
Building Details
Building Size
1,050 SF
Stories
1
Listing Agency:
Insite Commercial
Listed By:
Mojahed Abubars · License #6506046863
(248) 996-0346
Source:
Cpix.resimplifi
Added: Nov 12, 2025
Changed: Oct 9
Last Checked: Oct 20 at 5:05PM
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 Insite Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding retail building offers a straightforward layout suited to neighborhood retail and office concepts. The property is presented as a standalone storefront with excellent visibility and frontage off Glenwood Rd.
The building is directly across from Wayne Memorial High School, placing it in an established, consistent-use area for daytime foot traffic and local customers. Public remarks note suitability for uses such as pizza, sandwiches, ice cream, and bakery, as well as other retail or office needs.
If you’re looking for a compact standalone space with prominent road presence, this property provides a practical option near a high school location and along a main corridor.
The building is directly across from Wayne Memorial High School, placing it in an established, consistent-use area for daytime foot traffic and local customers. Public remarks note suitability for uses such as pizza, sandwiches, ice cream, and bakery, as well as other retail or office needs.
If you’re looking for a compact standalone space with prominent road presence, this property provides a practical option near a high school location and along a main corridor.
Key Highlights
- Freestanding building directly across from Wayne Memorial High School
- Strong frontage and visibility off Glenwood Rd
- Suitable for retail or office use, including pizza, sandwiches, ice cream, and bakery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,949
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,980
$199.0K
Cap Rate 7%
$142,129
$142.1K
Cap Rate 9%
$110,544
$110.5K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$15.1K $14.40/SF
− Vacancy
−$907 −$0.86/SF
EGI
$14.2K $13.54/SF
− OpEx
−$4.3K −$4.06/SF
NOI
$9.9K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,980
Cap Rate 7%
$142,129
Cap Rate 9%
$110,544
Alternative Uses
Best Use
Retail
$142.1K
$124.4K – $165.8K
NOI $9,949 @ 7.0% cap · market cap 73,696.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$194.4K
$170.1K – $226.8K
NOI $13,608 @ 7.0% cap · market cap 100,800.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 34%
Home Improvements & Furnishings 18%
Dollar Tree
Shops & Services
12,170 visits/mo
0.4 miles
Lee's Famous Recipe Chicken
Dining
11,269 visits/mo
0.5 miles
Northside True Value Hardware
Home Improvements & Furnishings
6,988 visits/mo
0.5 miles
Citgo
Shops & Services
6,592 visits/mo
0.5 miles
SUBWAY
Dining
1,749 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Flowers in the Mitten — 34852 W Michigan Ave, Wayne, MI 48184
- Evie's Fiori — 35065 Glenwood Rd, Wayne, MI 48184
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding building with strong frontage and visibility off Glenwood Rd, positioned directly across from Wayne Memorial High School.
Where is this storefront property located?
The property is located at 34200 Glenwood Rd Westland, MI.
What are key features of this property?
This property features: Freestanding building directly across from Wayne Memorial High School; Strong frontage and visibility off Glenwood Rd; Suitable for retail or office use, including pizza, sandwiches, ice cream, and bakery
