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    Wayne Rd Westland, MI 48185

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail land, excellent visibility.

    Lot size:
    38,333 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.88-acre commercial outparcel presents a unique investment opportunity in the thriving Westland submarket of Detroit, Michigan. Situated at the highly visible, signalized intersection of Wayne Road and Warren Road, directly in front of the Westland Crossing shopping center, this property boasts unparalleled exposure to significant vehicular traffic. Wayne Road sees over 52,000 vehicles per day, while Warren Road experiences over 40,000 vehicles daily, ensuring maximum visibility for any business. The land is already improved with asphalt paving, simplifying development and reducing upfront costs. Located in Wayne County, Michigan, with a zip code of 48185, this single-tenancy property is zoned for commercial use, including retail and restaurant establishments. The property is offered as a ground lease. This prime location offers exceptional potential for a variety of commercial ventures seeking high visibility and accessibility in a busy retail corridor. The strategic placement at this heavily trafficked intersection guarantees substantial foot traffic and brand recognition. This is an ideal opportunity for businesses seeking a prominent presence in a well-established and densely populated area. The property's existing infrastructure further enhances its appeal and reduces development time and expenses.

    Property Features for 0 Wayne Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,333 SF

    Unit(s) available at that property

    Space
    Size
    38,333 SF

    HighLights

    • 0.88‑acre level lot with asphalt paving.
    • Existing utilities include curb, street access, electricity, gas, water, and sewer.
    • Zoned CB‑2 (Commercial).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.385044556494
    Latitude
    42.340031661679

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    FAQs

    What type of property is this?
    Restaurant - High-traffic retail land, excellent visibility.
    Where is this restaurant located?
    The property is located at Wayne Rd Westland, MI.
    What are key features of this property?
    This property features: 0.88-acre level lot with asphalt paving.; Existing utilities include curb, street access, electricity, gas, water, and sewer.; Zoned CB-2 (Commercial).
    Request Owner's contact information
    Wayne Rd Westland, MI 48185
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    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
    Wayne Rd Westland, MI 48185
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