34410 Ford Rd Westland, MI 48185
- Drive through restaurants
- 4,193 SF
- 0.52 lot acres
Current Use by Public Records
- Total By Verizon / Cell Phone Store / Telecommunications Service Provider
- Big Lots Gift Shop / Gift Shop
- Westland Garage Door Repair Experts / Garage Door Supplier
Property Details for 34410 Ford Rd
- Year built
- 2000
- Lot size
- 0.52 lot acres
- Property size
- 4,193 SF
- Property type
- Drive through restaurants
- APN
- 56 035 99 0016 000
- APU
- 56035990016000
Description
Wildwood Plaza presents a compelling retail investment opportunity in Wayne County. This strip center totals 4,035 square feet, with 1,955 square feet currently vacant, offering immediate potential for expansion or new tenancy. The property boasts a convenient location within a thriving commercial area, ensuring high visibility and accessibility for businesses. The C-1 zoning allows for a variety of retail uses, providing flexibility for potential tenants. Ample parking is available, with 20 or more spaces accommodating customers and employees. The existing tenants create a strong co-tenancy, fostering a synergistic environment and attracting a diverse customer base. This property's strategic location near major transportation arteries ensures convenient access for both customers and employees, contributing to its overall appeal and potential for consistent revenue generation. The combination of high visibility, ample parking, strong co-tenancy, and a desirable location makes Wildwood Plaza an exceptional investment opportunity for those seeking a stable and profitable retail venture. The significant vacant space presents a unique chance to customize and tailor the property to meet the specific needs of a new tenant, maximizing its potential for long-term success. This is a chance to capitalize on a prime retail location in a dynamic commercial environment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,530,000
- 6.5%
- $1,495,000
- 7%
- $1,430,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,615,000
- Geo Method
- $1,290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,410,000
- Retail
- $1,335,000
- Mixed-Use
- $1,210,000
- Hospitality
- $1,090,000
- Educational
- $1,510,000
- Residential Income
- $1,490,000
- Energy
- $1,105,000
- Income-Based Land
- $1,505,000
- Food Service
- $1,185,000
Location Insight
- Map
- Local Demand
- City
- Westland
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3799
- Latitude
- 42.325
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
