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    7051 Wayne Rd Westland, MI 48185

    Sponsored
    For Sale
    $199,000

    0.54-acre lot, prime Westland location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.54-acre commercial land parcel, located at 7051 N Wayne Rd in Westland, Michigan, presents a unique investment opportunity. Priced at $199,000, this property boasts a highly desirable location within Westland's major retail corridor, ensuring excellent visibility and accessibility. The lot is situated on a busy hard corner, providing optimal frontage for any commercial venture. Zoned CB-4, this versatile property allows for a wide range of potential uses, offering flexibility for prospective buyers. All utilities are conveniently located on-site, simplifying development and operational costs. The property features smooth ingress and egress, ensuring convenient access for customers and employees. Annual property taxes are $3,154.22. The parcel includes three separate APNs: 56-034-01-00039-001, 56-034-01-0040-001, and 56-034-01-0043-000. This prime commercial land in Wayne County, Michigan (zip code 48185) offers unparalleled potential for significant return on investment. Don't miss this chance to acquire a strategically located property in a thriving commercial area.

    Property Features for 7051 Wayne Rd

    General Information

    Property type
    Land
    Lot Size
    23,522 SF

    HighLights

    • 54‑acre lot at a high‑traffic intersection.
    • Excellent commercial frontage on Westland's main retail thoroughfare.
    • CB‑4 zoning allows diverse development options.
    • All utilities readily available on‑site.
    • Convenient location with easy access.
    • Annual property taxes: $3,154.22.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -83.384882
    Latitude
    42.3376192

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    FAQs

    What type of property is this?
    Land - 0.54-acre lot, prime Westland location.
    Where is this land located?
    The property is located at 7051 Wayne Rd Westland, MI.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: 54-acre lot at a high-traffic intersection.; Excellent commercial frontage on Westland's main retail thoroughfare.; CB-4 zoning allows diverse development options.
    (586) 871-5155
    Request Owner's contact information
    7051 Wayne Rd Westland, MI 48185
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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
    7051 Wayne Rd Westland, MI 48185
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