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Property profile & analytics
FOR SALE
Shopping centers

1531-1553 S Wayne Rd Westland, MI 48186

22,000 SF
Property ID
US43-Q013924
Property summary
AI-generated overview

100% Occupied, Fully Renovated Retail Investment Opportunity. Exceptional multi-tenant neighborhood shopping center strategically located along highly trafficked S. Wayne Rd in the heart of Westland. Offered at $2,950,000 with a 7.09% cap rate and $209,100 NOI , the property is fully leased with long-term leases featuring contractual rent increases and a diversified tenant mix , providing stable, predictable cash flow. Recent capital improvements include a brand-new roof, new HVAC systems, new siding and exterior façade, fully renovated tenant suites, and an upgraded parking lot , resulting in zero deferred maintenance . The asset offers excellent frontage and visibility , monument signage , multiple points of ingress and egress , and is surrounded by dense residential demographics , making it an exceptional, low-management investment opportunity with durable long-term income. Contact Joseph Jazrawy for more details: 586-243-1641.

Property profile
Verified
Property type Shopping centers
Total area 22,000 SF
UPID US43-Q013924
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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