5703-5727 Wayne Rd Wayne, MI 48184
- Industrial properties
- 5,200 SF
- 0.54 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 5703-5727 Wayne Rd
- Lot size
- 0.54 lot acres
- Property size
- 5,200 SF
- Property type
- Industrial properties
Description
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.
Value Estimation
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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
- -83.3882
- Latitude
- 42.2673
