5703-5727 Wayne Rd, Wayne, MI 48184
This exceptional investment opportunity presents a fully occupied, three-unit retail center ideally situated at 5703-5727 S Wayne Road in Wayne, MI. The property boasts a total of 5,200 square feet on a 0.54-acre lot. All three units are currently leased to long-term tenants, each with a tenancy exceeding 20 years and expressing intentions to renew. This provides immediate and consistent cash flow, with the added potential for significant rental income growth due to below-market rents. The property benefits from its prime location along S Wayne Road, a high-traffic commercial corridor experiencing over 20,000 vehicles daily, ensuring exceptional visibility and accessibility. This strategic position is further enhanced by its proximity to major national retailers such as Kroger, CVS, Dollar General, and McDonald's, creating a robust and established retail hub. The substantial population base of over 150,000 residents within a 5-mile radius guarantees a built-in customer base for the tenants. This turnkey retail center offers a compelling investment opportunity with strong potential for long-term appreciation and passive income. The asking price for this exceptional property is $1,299,000.
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
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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.