Property profile

34516 Michigan Ave Wayne, MI 48184

OFF-MARKET
Schools
52,070 SF
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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

Location

34516 Michigan Ave Wayne, MI 48184
Wayne metro
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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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