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    5800 Wayne Rd Westland, MI 48185

    For Lease
    $12 SF/Yr

    1,000 SF Retail Space - Flexible Terms

    Lot size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Fil Mar Plaza, located at 5800 N Wayne Rd, Westland, MI 48185, offers a prime 1,000 square foot retail storefront space currently available for lease. This space, formerly a beauty spa, benefits from excellent visibility on Wayne Road, a high-traffic thoroughfare. The property is situated in a vibrant retail environment, surrounded by established businesses including Family Dollar and O'Reilly Auto Parts, ensuring high foot traffic and brand synergy. The lease rate is $12.00 per square foot, NNN. Tenancy is multiple, meaning the building may house other businesses. While the total building square footage is not specified, the minimum divisible space is 1,000 square feet, making this an ideal opportunity for a smaller retailer or service provider. The property offers flexible lease terms and build-out options to accommodate the specific needs of prospective tenants. The cross street is Beechwood Avenue, providing additional access and visibility. This location presents a compelling opportunity for businesses seeking high visibility and a strong retail presence in a thriving Westland community. Interested parties should inquire about lease terms and available build-out options.

    Property Features for 5800 Wayne Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,000 SF

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    1,000 SF
    Rate per SF
    $12
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -83.388625584227
    Latitude
    42.326810223376

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    FAQs

    What type of property is this?
    Individual retail property - 1,000 SF Retail Space - Flexible Terms
    Where is this individual retail property located?
    The property is located at 5800 Wayne Rd Westland, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    Request Owner's contact information
    5800 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
    5800 Wayne Rd Westland, MI 48185
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