Property profile

0 Wayne Rd Westland, MI 48185

OFF-MARKET
Land
2.8 ac lot
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Property summary

AI-generated overview

This exceptional commercial land offering presents a rare opportunity to acquire a vacant corner lot situated along Westland's primary north-south thoroughfare, Wayne Road. The property, identified by APN 56-045-99-0024-702, consists of a flexible land parcel ranging from 2.8 to 16.8 acres, zoned PUD (Planned Unit Development). This allows for a wide range of development possibilities, catering to diverse commercial projects. The site boasts convenient access to all essential utilities, making it a highly attractive proposition for developers. Individual lots are available for purchase, offering flexibility to suit various project scales and budgets. Pricing is tiered based on acreage: 2.8 acres are priced at $150,000 per acre, while larger parcels of 14 acres are offered at $75,000 per acre. Located in Westland, Michigan, zip code 48185, this property represents a significant investment opportunity in a thriving commercial area. Its prime location and flexible configuration make it an ideal site for a variety of commercial ventures. Don't miss this chance to secure a piece of Westland's vibrant commercial landscape.

Property profile

Verified
Property type Land
Lot 2.8 ac (121,968 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
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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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