Wayne Rd Wayne, MI 48184
- Commercial real estate
- 0.54 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Wayne Rd
- Lot size
- 0.54 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fully occupied, three-unit retail center ideally situated on S Wayne Road in Wayne, Michigan. Boasting a prime location in an established retail hub, this property benefits from high visibility and significant daily traffic exceeding 20,000 vehicles. The center is surrounded by major national retailers such as Kroger, CVS, Dollar General, and McDonald's, ensuring a strong customer base. All three units are currently occupied by long-term tenants with leases exceeding 20 years, and all are planning to renew, providing immediate and consistent cash flow. Current rental rates are below market value, presenting a significant opportunity for future income growth under new ownership. The property sits on a 0.54-acre lot and serves a substantial population base of over 150,000 residents within a five-mile radius. This presents a rare chance to acquire a stable, high-performing retail investment in a thriving commercial corridor. The property's strong tenant occupancy, long-term leases, and prime location make it an attractive investment for both seasoned and new investors seeking a reliable and potentially high-return asset. The asking price is $1,299,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wayne
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3847
- Latitude
- 42.2882