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    626 Wayne Rd Westland, MI 48186

    Sponsored
    For Sale
    $695,000

    High-traffic restaurant, 6,227 sq ft, ample parking.

    Property size:
    6,227 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,227-square-foot restaurant property presents a compelling owner-user investment opportunity in Westland, Michigan. Located at 626 S. Wayne Road, this established business enjoys a prime location across from an Aldi, ensuring high visibility and consistent traffic flow. The 1.1-acre lot provides ample parking with three convenient curb entrances, catering to the needs of both staff and patrons. Built in 1965, the building is zoned CB-1B, offering flexibility for potential redevelopment or renovation projects. The asking price is $695,000, translating to $111.61 per square foot. The property boasts 80 parking spaces, a significant advantage in a high-traffic area. This is an excellent chance to acquire a well-situated restaurant with significant potential for growth and return on investment. The property's size and location make it ideal for a variety of uses, presenting a unique opportunity for a discerning buyer. The high traffic count and excellent visibility make this a truly exceptional offering in a thriving commercial area.

    Property Features for 626 Wayne Rd

    General Information

    Property type
    Restaurants
    Square Feet
    6,227 SF
    Lot Size
    47,916 SF

    Building Details

    Year Built
    1965

    HighLights

    • $695,000 asking price for this owner‑user retail investment opportunity.
    • 6,227 square foot restaurant building on a 1.1‑acre lot.
    • $111.61 per square foot.
    • Built in 1965, with CB‑1B zoning.
    • 80 parking spaces and high visibility on Wayne Road, across from Aldi, with three curb cuts.
    Property Profile Location Intelligence

    Current Use by Public Records

    $5 car wash Car Wash Westland Porta Potties ... Construction Equipment Supplier

    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
    -83.3888294
    Latitude
    42.3046991

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    FAQs

    What type of property is this?
    Restaurant - High-traffic restaurant, 6,227 sq ft, ample parking.
    Where is this restaurant located?
    The property is located at 626 Wayne Rd Westland, MI.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: $695,000 asking price for this owner-user retail investment opportunity.; 6,227 square foot restaurant building on a 1.1-acre lot.; $111.61 per square foot.
    Request Owner's contact information
    626 Wayne 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
    626 Wayne Rd Westland, MI 48186
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