Freestanding Storefront with Drive-Through
New
For Sale
$349,000
35135 Warren Rd, Westland, MI 48185
The freestanding building offers dedicated parking and ground-lease or build-to-suit options.
Property Size1,155 SF
Price / SF$302.16
Days on Market3
Property Features for 35135 Warren Rd
General Information
Standard status
Active
Size
1,155 SF
Property subtype
Retail, Land
Zoning
R-2
Building Details
Building Size
1,155 SF
Year Built
1921
Buildings
1
Stories
2
Listing Agency:
Insite Commercial
Listed By:
Adam Rizk · License #6506049590
Source:
Cpix.resimplifi
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 24 at 3:13PM
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 storefront contains 1,155 square feet and was built in 1921. The property is zoned R-2, with dedicated parking on site. Ground-lease and build-to-suit arrangements are available, and a drive-through format is identified as a potential use.
The site is directly across from Westland Shopping Center, just west of the Warren Road and Wayne Road intersection in Westland, Michigan.
The site is directly across from Westland Shopping Center, just west of the Warren Road and Wayne Road intersection in Westland, Michigan.
Key Highlights
- 1,155‑square‑foot freestanding building, built in 1921
- R‑2 zoning
- Dedicated on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,944
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,880
$218.9K
Cap Rate 7%
$156,343
$156.3K
Cap Rate 9%
$121,600
$121.6K
Market Conditions
NOI Build-Up for 1,155 SF
Gross rent
$16.6K $14.40/SF
− Vacancy
−$998 −$0.86/SF
EGI
$15.6K $13.54/SF
− OpEx
−$4.7K −$4.06/SF
NOI
$10.9K $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%
$218,880
Cap Rate 7%
$156,343
Cap Rate 9%
$121,600
Alternative Uses
Best Use
Retail
$156.3K
$136.8K – $182.4K
NOI $10,944 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$213.8K
$187.1K – $249.5K
NOI $14,969 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
518k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 30%
Dining 26%
Shops & Services 17%
Superstores 16%
Target
Superstores
83,123 visits/mo
0.3 miles
Kohl's
Apparel
72,058 visits/mo
0.1 miles
Five Below
Shops & Services
42,311 visits/mo
0.5 miles
Burlington
Apparel
37,662 visits/mo
0.4 miles
Best Buy
Electronics
33,105 visits/mo
0.4 miles
Demographics for 48185, MI
49,730
Population
23,554
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
91%
High-School Grad
12.2 sq mi
ZIP Area
4,076
Density / Sq Mi
$59,085
Median Household Income
$40,435
Median Earnings
$1,123
Median Rent
$183,500
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
- Yumehana — westland, mi 48185
Frequently Asked Questions
What type of property is this?
Storefront property - The freestanding building offers dedicated parking and ground-lease or build-to-suit options.
Where is this storefront property located?
The property is located at 35135 Warren Rd Westland, MI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,155‑square‑foot freestanding building, built in 1921; R‑2 zoning; Dedicated on‑site parking
