Financial
Distress signals
Property profile

32017 Michigan Ave Wayne, MI 48184

OFF-MARKET
Auto shops
Property ID
US43-0070245
2,412 SF 0.27 ac lot Built 1951
Last sale Apr 2021 · $290,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a car lot configured for leasing, featuring a 2,400-square-foot building with office space, a customer area, and renovated flooring. The building includes a bay suitable for detailing. The site covers over a quarter acre, is enclosed with fencing, and provides parking for approximately 50 cars. The property includes signage and is positioned for vehicular visibility. Walk Score is 30 (car-dependent) and Bike Score is 40 (somewhat bikeable). All stated measurements are approximate.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value · 2024$117k
Effective rate6.44%

Value estimate

· Sep 2026
$260k
$234k – $286k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$110/SF
Submarket average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$56 – $161
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.3
Dental Office16.5
Spa & Massage14.2

Location

32017 Michigan Ave Wayne, MI 48184-1417
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
32995 Glenwood, Wayne, MI 48184-1327 $150,000 Nov 2024 3,232 SF
32444 Michigan, Wayne, MI 48184-1425 $380,000 Mar 2023 4,641 SF
34655 Michigan, Wayne, MI 48184-1737 $325,000 Mar 2023 1,832 SF
4082 4th, Wayne, MI 48184-1719 $25,000 Jan 2023 1,200 SF
4438 Wayne, Wayne, MI 48184-2115 $140,000 Jun 2022 1,251 SF
32216 Michigan, Wayne, MI 48184-1421 $275,000 Sep 2021 1,824 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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