Property profile

0 Wayne Rd Westland, MI 48185

OFF-MARKET
Land
0.88 ac lot
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Property summary

AI-generated overview

This exceptional 0.88-acre commercial land parcel presents a unique investment opportunity in the thriving city of Westland, Michigan. Located at 0 Wayne Rd, 48185, this property boasts a highly desirable CB4 zoning classification, offering the least restrictive commercial zoning allowances, including automotive uses. Situated in a high-traffic area, this versatile land is primed for a multitude of commercial developments. The property's prime location ensures excellent visibility and accessibility, making it an ideal site for businesses seeking high exposure. The parcel's size provides ample space for various projects, from smaller retail establishments to larger-scale commercial ventures. To further enhance its appeal, pre-existing site plans for a car wash, auto repair facility, and quick oil change are available for review, providing a solid foundation for potential development. The property's APN is 56-045-99-0018-002. This is a rare opportunity to acquire a strategically located commercial lot with significant development potential in a bustling Westland, MI market. The asking price for this exceptional property is $395,000. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 0.88 ac (38,333 SF)

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
Google Maps

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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