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    148-206 Wayne Rd Westland, MI 48186

    For Lease
    $12 SF/Yr

    High-traffic location, 3 units available

    Lot size:
    29,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Westland, MI property, located at 148-206 S. Wayne Road, offers 29,410 square feet of retail and office space in a single, one-story building. Built in 1965, the property is zoned CB-3, General Commercial, and boasts excellent visibility at a signalized intersection. Three units are currently available, ranging from 600 to 12,546 contiguous square feet, making it ideal for a variety of businesses. The property features multiple points of ingress and egress for convenient access. Benefit from prominent pylon signage on both Wayne and Cherry Hill Roads, enhancing brand visibility. A new façade is soon to be completed, further enhancing the property's curb appeal. This prime location enjoys high traffic volume, with over 29,000 vehicles per day (VPD) on Wayne Road and over 21,000 VPD on Cherry Hill Road. The area is densely populated, with over 252,000 people residing within a five-mile radius, providing a substantial customer base. The property is surrounded by numerous national, regional, and local tenants, creating a thriving commercial environment. This is a unique opportunity to establish or expand your business in a high-demand location.

    Property Features for 148-206 Wayne Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,410 SF
    Total Rate
    29410

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    35531 Cherry Hill
    Size
    600 SF
    Space
    204 Wayne
    Size
    3,000 SF
    Rate per SF
    $12
    Space
    190 Wayne
    Size
    12,546 SF
    Rate per SF
    $12

    HighLights

    • Three suites available, ranging from 600 to 12,546 square feet.
    • Pylon signage opportunities on Wayne and Cherry Hill Roads.
    • New building façade under construction.
    • Multiple access points for convenient ingress and egress.
    • High visibility at a signalized intersection.
    • Strong tenant mix with national, regional, and local businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3900395
    Latitude
    42.309099

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    FAQs

    What type of property is this?
    Office Property / Space - High-traffic location, 3 units available
    Where is this office property / space located?
    The property is located at 148-206 Wayne Rd Westland, MI.
    What is the lease rate?
    The lease rate is $0.00-$12 SF/Yr.
    What are key features of this property?
    This property features: Three suites available, ranging from 600 to 12,546 square feet.; Pylon signage opportunities on Wayne and Cherry Hill Roads.; New building façade under construction.
    Request Owner's contact information
    148-206 Wayne Rd Westland, MI 48186
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    Westland, MI 48186
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    148-206 Wayne Rd Westland, MI 48186
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