203 Main St Wayland, MI 49348-1206
This exceptional 3,100 square foot commercial building at 203 N Main in Wayland, MI, presents a unique opportunity for entrepreneurs. Situated on a 0.21-acre lot at the edge of the business district, this property boasts ample paved parking and a large storage area. Currently operating as a successful hair salon (The Hair Cut Hut), the space comfortably accommodates 6-8 styling stations, with additional room readily available for expansion into massage therapy, nail services, or a combination thereof. The building's versatility is further highlighted by its past uses as an auto detailing shop and auto parts store, demonstrating its adaptability to a variety of businesses. Significant upgrades were completed approximately 10 years ago, including a complete remodel, a new furnace, water heater, air conditioning system, and roof replacement, ensuring the building is well-maintained and ready for immediate occupancy. The asking price is $425,000. This property offers a compelling investment opportunity for those seeking to establish a new business, expand an existing one, or acquire a profitable, established salon in a thriving community. Don't miss this chance to own a piece of Wayland's vibrant commercial landscape.
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The Hair Cut Hut Hair Salon Nail Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.