Financial
Distress signals
Property profile

35540 Michigan Ave Wayne, MI 48184

OFF-MARKET
Office buildings
Property ID
US43-4181889
10,863 SF 0.27 ac lot Built 1952
Last sale Apr 2019 · $380,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This downtown office building at 35540 W Michigan Avenue in Wayne is a two-story commercial structure offering more than 10,000 square feet of office space. The building has approximately 139 feet of frontage along Michigan Avenue, providing direct street exposure to a main commercial corridor, and it is configured to accommodate a range of business uses depending on the operator’s buildout and occupancy plan. The property also includes ample private on-site parking, supporting access for employees and clients and reducing dependence on street parking.

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?
$19k
Tax billed · 2023
Assessed value · 2024$226k
Effective rate8.25%

Value estimate

· Sep 2026
$340k
$306k – $374k
Submarket $/SF estimate$808k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$133/SF
Submarket average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$74 – $206
Qualifying comparables11

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm22.9
Realty agency22.7
Gym & Fitness12.3

Location

35540 Michigan Ave Wayne, MI 48184-1626
County assessor Recorded deeds · 11 transfers 11 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
35612 Michigan, Wayne, MI 48184-1628 $280,000 Apr 2024 2,450 SF
3030 Wayne, Wayne, MI 48184-1219 $65,000 Mar 2023 2,291 SF
35000 Sims, Wayne, MI 48184-1231 $300,000 Dec 2022 8,220 SF
39390 Michigan, Wayne, MI 48184-1057 $1,500,000 Oct 2022 13,764 SF
35858 Michigan, Wayne, MI 48184-1631 $175,000 Sep 2020 1,906 SF
35122 Michigan, Wayne, MI 48184-1614 $420,000 Jun 2020 4,000 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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