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    Property profile

    122 Superior St Wayland, MI 49348

    OFF-MARKET
    Retail space
    Property ID
    US43-2377881
    2,944 SF 0.07 ac lot Built 1950
    Entity Owned 3-yr Hold ~ Est. High Equity
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    Property summary

    AI-generated overview

    A 3,136-square-foot commercial storefront located in downtown Wayland on W Superior Street, featuring large front windows and a configuration suitable for a retail showroom, professional office, potential medical facility, or specialty business use. The property includes an open display area, multiple private offices, secure storage/vault space, a dry basement, ADA-accessible restroom accommodations, and rear delivery access. Recent improvements were made to include new flooring, an updated ceiling grid with LED lighting, fresh interior paint, and an electrical inspection that has been approved. The site covers approximately 0.07 acres and is located in Wayland’s Commercial Business District with Green Zone designation, supporting approved cannabis retail operations where permitted by applicable requirements.

    Property profile

    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1950
    Total area 2,944 SF
    Lot 0.07 ac (3,136 SF)
    APN 56-400-004-50
    UPID US43-2377881

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Current use

    Occupant on record · Public records
    • Counselor
    • (Bike/Boat/Book/etc) Store
    2 occupants on record

    Location

    122 Superior St Wayland, MI 49348-1217
    Wayland metro Census 30502 HOLLAND, MI MICROPOLITAN STATISTICAL AREA
    Google Maps

    Value estimations

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    Owner & transaction history

    since 2023
    Last sale
    $280,000
    4 recorded transactions
    2023
    $280,000
    2021
    Price N/A
    2015
    Price N/A
    2015
    $54,500

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $305,000
      3,040 SF
      112 Main St
      RETAIL STORES (PERSONAL SERVICES)
      112 Main St, Wayland, MI 49348-1209
      View Details
    • Value Estimation
      $280,000
      1,808 SF
      129 Superior St
      RETAIL STORES (PERSONAL SERVICES)
      129 Superior St, Wayland, MI 49348-1137
      View Details
    • Value Estimation
      $1,720,000
      12,576 SF
      1110 Superior St
      RETAIL STORES (PERSONAL SERVICES)
      1110 Superior St, Wayland, MI 49348-1229
      View Details
    • Value Estimation
      $345,000
      4,096 SF
      3769 Division St
      RETAIL STORES (PERSONAL SERVICES)
      3769 Division St, Wayland, MI 49348-9757
      View Details
    • Value Estimation
      $260,000
      1,404 SF
      1124 Superior St
      RETAIL STORES (PERSONAL SERVICES)
      1124 Superior St, Wayland, MI 49348-1229
      View Details
    • Value Estimation
      $250,000
      2,000 SF
      111 Main St
      RETAIL STORES (PERSONAL SERVICES)
      111 Main St, Wayland, MI 49348-1208
      View Details

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    Similar Nearby for Lease

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    • $40 SF/Yr
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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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