Property profile

1515 Wayne Rd Westland, MI 48185

OFF-MARKET
Commercial real estate
Property ID
US43-0400583
2,476 SF 0.96 ac lot Built 1950
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 1,800 square foot freestanding executive office building presents a fantastic investment opportunity in Westland, Michigan. Located at 1515 S Wayne Rd, this turnkey property boasts prime commercial exposure on a high-traffic road, ensuring excellent visibility and accessibility for your business. The building sits on a 0.44-acre lot and offers a flexible floor plan, adaptable to a variety of business needs. Ten convenient surface parking spaces are available for clients and employees. The building's centralized location provides easy access to a wide array of restaurants and retail amenities, enhancing convenience and attracting potential clients. The asking price for this well-maintained property is $199,000. This is an ideal opportunity to acquire a highly visible and functional office space in a thriving commercial area of Wayne County, Michigan, with the zip code 48186. The property is categorized as an executive office and offers a ready-to-occupy space for immediate business operations. Don't miss this chance to own a valuable commercial asset in a desirable location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 2,476 SF
Lot 0.96 ac (41,818 SF)
APN 56 045 99 0026 000
UPID US43-0400583

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
  • Law Firm

Location

1515 Wayne Rd Westland, MI 48185-7739
Westland metro Census 568000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$607k
Blend (final) Blend
$315k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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