1531-1553 S Wayne Rd Westland, MI 48186
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.