35425 Michigan Ave Wayne, MI 48184
- Commercial land
- 0.63 lot acres
Current Use by Public Records
- Commercial land
Property Details for 35425 Michigan Ave
- Lot size
- 0.63 lot acres
- Property type
- Commercial land
- APN
- 55 018 01 0112 301
- APU
- 55018010112301
Description
This exceptional 100,269 square foot industrial property, situated on a generous 6.27-acre lot in Wayne, Michigan, presents a compelling investment opportunity. Currently boasting approximately 40% occupancy, the property features a substantial indoor mall configuration ideal for a variety of uses. The building offers ample parking with 320 spaces available for tenants and visitors. The robust HVAC system comprises 33 rooftop units, ensuring climate control throughout the expansive space. Four tenants currently occupy the building, generating existing income streams. Lease amounts vary among the current tenants. The property's zoning should be independently verified by prospective buyers to ensure compatibility with their intended use. Given the significant square footage and existing tenant base, this property offers substantial potential for growth and return on investment. Showings are by appointment only and require advance notice. This is a rare opportunity to acquire a large-scale industrial property in a desirable location with significant upside potential. The property's size and existing infrastructure make it an attractive option for a variety of businesses seeking a substantial and well-maintained space. Serious inquiries only.
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
- -83.3867
- Latitude
- 42.2823
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
