Property profile

1529 Wayne Rd Lincoln Park, MI 48146

OFF-MARKET
Neighborhood centers
22,000 SF Built 1970
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Ace Plaza, located at 1529 S Wayne Rd in Westland, Michigan (zip code 48146), presents a compelling opportunity for retail businesses seeking space in a well-established strip center. This single-story building, constructed in 1970, offers a total of 22,000 square feet of retail space, currently featuring 7,675 square feet of vacant space available for lease. The property is conveniently situated in Wayne County and boasts ample parking with 111 spaces for customers and employees. Multiple tenancy options are available, with spaces ranging from a minimum of 850 square feet to a maximum contiguous space of 2,475 square feet, providing flexibility for businesses of various sizes. The property's location in a high-traffic area offers excellent visibility and accessibility for potential customers. This is an ideal opportunity for businesses seeking a well-maintained, established retail space in a thriving community. The property is classified as a multi-tenant strip center, offering a diverse range of potential tenants and a vibrant commercial environment. Interested parties are encouraged to inquire about available spaces and lease terms. The property's address is verified as 1529 S Wayne Rd, Lincoln Park, MI 48146.

Property profile

Verified
Property type Neighborhood centers
Year built 1970
Total area 22,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1529 Wayne Rd Lincoln Park, MI 48146
Lincoln Park metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1529 Wayne Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message