5006 S Wayne Rd, Wayne, MI 48184
Freestanding commercial building with restaurant equipment on highly traveled road.
- Added:
- Mar 4, 2026
- Days on Market:
- 115
- Last Refresh:
- Mar 16 at 2:36 pm
Property Features for 5006 S Wayne Rd
General Information
- Standard status
- Active
- Size
- 1,789 SF
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 1957
Listing office KW Commercial Dearborn (313) 706-7011
Listing date Mar 4, 2026
Source Crexi
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 KW Commercial Dearborn
HighLights
- Prime commercial location on highly traveled Wayne Road with excellent visibility and strong daily traffic counts.
- Turnkey restaurant operation with included hood system and essential restaurant equipment.
- Free‑standing commercial building with prominent frontage and ample on‑site parking.
- Real estate included in the sale.
- Flexibility for continued restaurant use or conversion to other commercial concepts (subject to municipal approval).
- Immediate operational potential for restaurateurs or entrepreneurs.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.2k | $18.00 |
| − Vacancy | −$1.3k | −$0.72 |
| EGI | $30.9k | $17.28 |
| − OpEx | −$7.7k | −$4.32 |
| NOI | $23.2k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wayne
- County
- Wayne
- State
- Michigan
- Longitude
- -83.388902
- Latitude
- 42.271235
