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    Michigan Ave Wayne, MI 48184

    Sponsored
    For Sale
    $375,000

    High-traffic location, ideal for retail/drive-thru.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This 1.33-acre commercial land parcel in Wayne, Michigan, is available for $375,000. Located on heavily traveled East Michigan Avenue in Wayne County, the property boasts ample frontage, making it highly visible to potential customers. Its Multiple zoning permits a variety of retail and drive-thru uses. The strategic location offers immediate proximity to established businesses such as Wendy's, White Castle, Taco Bell, Arby's, and Tim Hortons, creating a strong retail environment and high foot traffic. The property's APN is 33015021010000. This presents a unique opportunity for developers and investors seeking a prime location for a new commercial venture in a thriving area. The land is ready for development, offering significant potential for return on investment. Serious inquiries are encouraged. The property is zoned for multiple uses, providing flexibility for various commercial developments.

    Property Features for 0 Michigan Ave

    General Information

    Property type
    Land
    Lot Size
    57,935 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wayne
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3874643
    Latitude
    42.2799114

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    FAQs

    What type of property is this?
    Land - High-traffic location, ideal for retail/drive-thru.
    Where is this land located?
    The property is located at Michigan Ave Wayne, MI.
    What is the asking price?
    The asking price for this property is $375,000.
    (313) 525-1101
    Request Owner's contact information
    Michigan Ave Wayne, MI 48184
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    Wayne, MI 48184
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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
    Michigan Ave Wayne, MI 48184
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