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Property profile & analytics

37415 Cherry Hill Rd Westland, MI 48186

  • Grocery and convenience stores
  • 2,562 SF
  • 0.58 lot acres
Value Estimation
Last Sale
Jul 09, 2024
$225,000
Location Intelligence
Property ID
US43-1130051
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Grocery and convenience stores

Property Details for 37415 Cherry Hill Rd

Year built
1974
Lot size
0.58 lot acres
Property size
2,562 SF
Property type
Grocery and convenience stores
APN
56 053 99 0020 001
APU
56053990020001

Description

This exceptional 2,562 square foot commercial building sits on a 0.58-acre lot in the desirable Westland, MI area. Its prime location offers unparalleled accessibility and visibility for a wide range of businesses. Previously utilized as a multi-purpose space, including a grocery store, retail shop, and venue for children's parties and fitness classes, this property demonstrates remarkable adaptability. The building's flexible layout and ample square footage provide significant opportunities for customization to suit diverse operational needs. The commercial-light industrial zoning allows for a variety of uses, including but not limited to office space, retail establishments, and light industrial operations. This presents a unique chance to acquire a well-situated property with a proven track record of successful commercial ventures. The building's history showcases its versatility and resilience, making it an attractive investment for entrepreneurs and established businesses alike. Its strategic location within Westland ensures high foot traffic and easy access to major transportation routes, maximizing exposure and convenience. The 0.58-acre lot offers ample parking and potential for future expansion or outdoor amenities. This is a rare opportunity to secure a versatile and well-positioned commercial property in a thriving Westland community. The asking price of $398,900 reflects the property's significant potential and prime location. Serious inquiries are encouraged.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $225,000
  • CAP approach

    CAP return
    Estimation
    6%
    $235,000
    6.5%
    $235,000
    7%
    $250,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $215,000
    Geo Method
    $230,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $260,000
    Retail
    $245,000
    Mixed-Use
    $245,000
    Hospitality
    $270,000
    Educational
    $215,000
    Residential Income
    $270,000
    Energy
    $210,000
    Income-Based Land
    $270,000
    Food Service
    $245,000

Location Insight

  • Map
  • Local Demand
City
Westland
County
Wayne
State
Michigan
Longitude
-83.409
Latitude
42.3093
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,420
$0.00
$0.00
$142,400
-
$0.00
$0.00
$284,800
More about this property
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