34516 Michigan Ave, Wayne, MI 48184
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.