Property profile

0 Wayne Rd Westland, MI 48185

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Wayne Rd Westland, MI 48185
Westland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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