Turnkey Office Building on
4621 & 4615 S Wayne Rd, Wayne, MI 48184
For Sale
$405,000
Updated office building ready for immediate occupancy in Wayne, MI.
Property Size6,240 SF
Lot Size0.20 Acres
Price / SF$64.90
Days on Market245
Property Features for 4621 & 4615 S Wayne Rd
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
J Dillon Realty
Listed By:
Joshua A Dillon · License #6502417067
(734) 777-4448
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 11 at 11:34AM
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 J Dillon Realty
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Investment Insights
Based on property information with market context.
Located along the S Wayne Rd commercial corridor, this updated 6,240 sq. ft. brick office building is move-in ready. The property is minutes from I-275, I-94, and Michigan Ave, providing connectivity throughout Metro Detroit, and is 10 minutes from Detroit Metro Airport (DTW). The location benefits from daily traffic counts along S Wayne Rd and a strong local customer base. The interior features 9 private executive offices, multiple conference rooms, a lobby with receptionist station, an open cubicle/common work area, and a lounge/dining space. Additional features include multiple restrooms, a large storage or file/archive room, updated lighting, and newer flooring. The layout is suitable for medical, legal, financial, administrative, call centers, creative agencies, or any professional service operation. With two combined addresses—4615 and 4621 S Wayne Rd—the building provides flexible configuration options for businesses needing multi-department separation, client-facing space, or team collaboration zones. The property includes onsite parking, main road frontage, and a brick exterior. It is currently zoned B3.
Key Highlights
- Turnkey, updated 6,240 sq. ft. brick office building ready for immediate occupancy.
- Prime location on S Wayne Rd with high visibility and strong traffic counts.
- Excellent connectivity: Minutes from I‑275, I‑94, Michigan Ave, and 10 minutes to Detroit Metro Airport (DTW).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,481
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,620
$429.6K
Cap Rate 7%
$306,871
$306.9K
Cap Rate 9%
$238,678
$238.7K
Market Conditions
NOI Build-Up for 6,240 SF
Gross rent
$37.4K $6.00/SF
− Vacancy
−$8.8K −$1.41/SF
EGI
$28.6K $4.59/SF
− OpEx
−$7.2K −$1.15/SF
NOI
$21.5K $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%
$429,620
Cap Rate 7%
$306,871
Cap Rate 9%
$238,678
Alternative Uses
Best Use
Office B
$306.9K
$268.5K – $358.0K
NOI $21,481 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $80,870 @ 7.0% cap · market cap 19.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
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Business Placement
Demographics for 48184, MI
17,776
Population
7,739
Households
2.3
Avg Household Size
40
Median Age
16%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
2,469
Density / Sq Mi
$54,572
Median Household Income
$36,548
Median Earnings
$924
Median Rent
$142,400
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Wayne County, MI
Properties on Market for Office buildings in Wayne County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Updated office building ready for immediate occupancy in Wayne, MI.
Where is this office building located?
The property is located at 4621 & 4615 S Wayne Rd Wayne, MI.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Turnkey, updated 6,240 sq. ft. brick office building ready for immediate occupancy.; Prime location on S Wayne Rd with high visibility and strong traffic counts.; Excellent connectivity: Minutes from I‑275, I‑94, Michigan Ave, and 10 minutes to Detroit Metro Airport (DTW).
