844 N WAYNE Road, Westland, MI 48185
Prime location with high visibility and equipped kitchen.
- Added:
- Mar 11, 2026
- Days on Market:
- 113
- Last Refresh:
- Apr 6 at 3:00 am
Property Features for 844 N WAYNE Road
General Information
- Standard status
- Active
- Size
- 2,718 SF
- Lot size
- 0.26 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1991
Listing office RE/MAX Team 2000 (313) 561-0900
Listing date Mar 11, 2026
Source Exitrealty
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 RE/MAX Team 2000
HighLights
- Prime location in a high‑density residential area with main road exposure.
- Equipped kitchen with a hood.
- Newly repaved parking lot.
- High ceilings throughout the property.
- Monument signage.
- Versatile space suitable for bakery, restaurant, or retail.
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 | $48.9k | $18.00 |
| − Vacancy | −$2.0k | −$0.72 |
| EGI | $47.0k | $17.28 |
| − OpEx | −$11.7k | −$4.32 |
| NOI | $35.2k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Westland
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3884
- Latitude
- 42.3148
