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Property profile & analytics
OFF-MARKET Estimated value $3,700,000
Strip malls

1912 Venoy Rd Westland, MI 48186-4600

39,898 SF 3.36 ac lot Built 1958
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1346523
Property summary
AI-generated overview

This 15,000 square foot retail strip center, located at 1912 S Venoy Rd, Westland, MI 48186, presents a compelling investment opportunity. The property features multiple tenancies, with a minimum divisible space of 740 square feet and a maximum contiguous space of 2,540 square feet. Currently, 4,240 square feet of retail space is available for lease. The center enjoys a prime location in a thriving neighborhood, benefiting from strong anchor tenants including a Palace Supermarket and a Dollar General, ensuring consistent foot traffic and high visibility. This strategic positioning offers excellent potential for both established businesses seeking expansion and new ventures looking to establish a presence in a busy commercial area. The property's versatile space allows for a variety of retail uses, making it an attractive option for a diverse range of businesses. With its convenient location, strong anchor tenants, and available space, this retail center represents a significant opportunity for investors seeking a stable and profitable investment in a high-demand market. The property is situated in Westland, Michigan, offering easy access to major transportation routes and a substantial customer base. Interested parties are encouraged to explore this exceptional opportunity to acquire a well-positioned retail property in a dynamic and growing market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1958
Total area 39,898 SF
Lot 3.36 ac (146,362 SF)
APN 56 074 03 0009 301
UPID US43-1346523
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
Current use
Occupant on record · Public records
  • Westland Fish & Chicken Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.70M
Blend (final) Blend
$3.70M
Owner & transaction history
Palace Plaza LLC · 6 yrs held
Palace Plaza LLC
since 2019
4 recorded transactions
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $5.3M +67.2%
Auto repair, garage $4.4M +38.0%
Retail stores $4.3M +34.9%
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