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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

148-206 Wayne Rd Westland, MI 48186

29,410 SF Built 1965
Property ID
Property summary
AI-generated overview

This exceptional Westland, MI property, located at 148-206 S. Wayne Road, offers 29,410 square feet of retail and office space in a single, one-story building. Built in 1965, the property is zoned CB-3, General Commercial, and boasts excellent visibility at a signalized intersection. Three units are currently available, ranging from 600 to 12,546 contiguous square feet, making it ideal for a variety of businesses. The property features multiple points of ingress and egress for convenient access. Benefit from prominent pylon signage on both Wayne and Cherry Hill Roads, enhancing brand visibility. A new façade is soon to be completed, further enhancing the property's curb appeal. This prime location enjoys high traffic volume, with over 29,000 vehicles per day (VPD) on Wayne Road and over 21,000 VPD on Cherry Hill Road. The area is densely populated, with over 252,000 people residing within a five-mile radius, providing a substantial customer base. The property is surrounded by numerous national, regional, and local tenants, creating a thriving commercial environment. This is a unique opportunity to establish or expand your business in a high-demand location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1965
Total area 29,410 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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