Financial
Distress signals
Property profile

35000 Sims St Wayne, MI 48184

OFF-MARKET
Office buildings
Property ID
US43-4207813
8,220 SF 0.77 ac lot
Last sale Dec 2022 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial event-venue property at 35000 Sims Street in Wayne, Michigan is zoned B-5 (Business Concentrated) and sits on a 0.77-acre lot. A 5,618-square-foot building is designed to accommodate up to 400 guests and is located at the high-traffic corner of Sims Street and Wayne Road within the major business district near Wayne City Hall, Goudy Park, and a planned city amphitheater. The venue includes ample parking, a commercial kitchen, and a bar area, and is equipped with a fire

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?
$12k
Tax billed · 2023
Assessed value · 2024$174k
Effective rate7.14%

Value estimate

· Sep 2026
$355k
$320k – $391k

Realmo valuation models over county records and 13 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 comparables13

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 agency54.0
Law Firm37.2
Dental Office34.4

Location

35000 Sims St Wayne, MI 48184-1231
County assessor Recorded deeds · 3 transfers 13 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
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
35540 Michigan, Wayne, MI 48184-1626 $380,000 Apr 2019 10,863 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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