34733 Warren Rd Westland, MI 48185
- Turn key restaurants
- 3,600 SF
- 0.74 lot acres
Current Use by Public Records
- Inspire Dumpsters / Corporate Office
- La Marsa Westland / Mediterranean Restaurant
Property Details for 34733 Warren Rd
- Year built
- 1972
- Lot size
- 0.74 lot acres
- Property size
- 3,600 SF
- Property type
- Turn key restaurants
- APN
- 56 034 99 0016 003
- APU
- 56034990016003
Description
This exceptional 3,600 square foot commercial building presents a remarkable investment opportunity in the thriving city of Westland, Michigan. Situated on a sizable 0.74-acre lot, this property boasts a large paved parking area, perfect for accommodating numerous vehicles. Its previous use as a restaurant, Alexander the Great, has been transformed into a single, expansive space, offering unparalleled flexibility for a wide range of commercial ventures. The building's prime location in Westland, within walking distance of Westland Mall, ensures high visibility and accessibility. This translates to excellent exposure for any business seeking a strong foothold in a busy commercial area. The property is being sold "AS IS," allowing for creative repurposing to suit various needs, including retail, office, or other commercial uses. The ample space and convenient location make this an ideal property for entrepreneurs and investors alike. A land contract option is available for qualified buyers. Don't miss this chance to acquire a versatile and strategically located commercial property in a dynamic market. Bring your offers!
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $770,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $635,000
- 6.5%
- $665,000
- 7%
- $615,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $755,000
- Geo Method
- $750,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $720,000
- Retail
- $685,000
- Mixed-Use
- $585,000
- Hospitality
- $690,000
- Educational
- $670,000
- Residential Income
- $615,000
- Energy
- $630,000
- Income-Based Land
- $730,000
- Food Service
- $705,000
Location Insight
- Map
- Local Demand
- City
- Westland
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3833
- Latitude
- 42.3384
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
