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    OFF-MARKET
    Schools

    34516 Michigan Ave, Wayne, MI 48184

    52,070 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 52,070 square foot retail space, located at 34516 Michigan Ave in Wayne, Michigan, presents a unique investment opportunity. Previously utilized as St. Mary of Wayne School, the single-tenant building offers a vast, open floor plan ideal for a variety of retail concepts. The property's substantial size allows for extensive customization and adaptation to suit specific business needs. Situated in Wayne County, the location benefits from excellent visibility and accessibility along Michigan Avenue. The entire 52,070 square feet is currently vacant, providing immediate occupancy for a prospective tenant. This presents a rare chance to acquire a large, adaptable space in a well-established area. The property's substantial size and prime location make it an attractive proposition for businesses seeking significant space and high visibility. The building's previous use as a school suggests robust infrastructure, including potentially ample parking and strong structural integrity. Further investigation into the property's specifics is encouraged to fully assess its potential. This is a blank canvas for a large-scale retail venture in a thriving Michigan community. The zip code is 48184. Serious inquiries are welcome.

    Property profile
    Verified
    Property type Schools
    Total area 52,070 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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