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    1912 Venoy Rd Westland, MI 48186

    For Lease
    Contact for pricing

    High-traffic retail space available in Westland, MI.

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 15,000 square foot retail strip center, located at 1912 S Venoy Rd, Westland, MI 48186, presents a compelling investment opportunity. The property features multiple tenancies, with a minimum divisible space of 740 square feet and a maximum contiguous space of 2,540 square feet. Currently, 4,240 square feet of retail space is available for lease. The center enjoys a prime location in a thriving neighborhood, benefiting from strong anchor tenants including a Palace Supermarket and a Dollar General, ensuring consistent foot traffic and high visibility. This strategic positioning offers excellent potential for both established businesses seeking expansion and new ventures looking to establish a presence in a busy commercial area. The property's versatile space allows for a variety of retail uses, making it an attractive option for a diverse range of businesses. With its convenient location, strong anchor tenants, and available space, this retail center represents a significant opportunity for investors seeking a stable and profitable investment in a high-demand market. The property is situated in Westland, Michigan, offering easy access to major transportation routes and a substantial customer base. Interested parties are encouraged to explore this exceptional opportunity to acquire a well-positioned retail property in a dynamic and growing market.

    Property Features for 1912 Venoy Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,540 SF
    Space
    Available space 2
    Size
    960 SF

    HighLights

    • 15,000 SF retail strip center in Westland, MI, at 1912 S Venoy Rd.
    • Multiple tenancies with spaces ranging from 740 SF to 2,540 SF; 4,240 SF currently available for lease.
    • Prime location with strong anchor tenants (Palace Supermarket & Dollar General), ensuring high visibility and foot traffic.
    • Versatile space suitable for various retail uses, attracting diverse businesses.
    • Excellent access to major transportation routes and a large customer base in a growing market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Westland Fish & Chicken ... Seafood Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3642663
    Latitude
    42.2948911

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space available in Westland, MI.
    Where is this neighborhood center located?
    The property is located at 1912 Venoy Rd Westland, MI.
    What are key features of this property?
    This property features: 15,000 SF retail strip center in Westland, MI, at 1912 S Venoy Rd.; Multiple tenancies with spaces ranging from 740 SF to 2,540 SF; 4,240 SF currently available for lease.; Prime location with strong anchor tenants (Palace Supermarket & Dollar General), ensuring high visibility and foot traffic.
    Request Owner's contact information
    1912 Venoy 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
    1912 Venoy Rd Westland, MI 48186
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