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    FOR LEASE
    Retail space

    208 S Wayne Rd, Westland, MI 48186

    10,711 SF 0.6 ac lot Built 1966
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0349343
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a former restaurant, known as Caesarland, located at 208 S. Wayne Road in Westland, Michigan. The property boasts a substantial 10,833 square feet of space, situated on a 0.69-acre lot, and is ideally suited for a variety of uses, including restaurant operations or other retail/office ventures. Built in 1966, the single-story building is zoned CB-3 and offers ample parking with 50 spaces available. The asking price is $675,000, translating to $62.31 per square foot. This owner/user opportunity presents a strong return on investment in a high-traffic area. The property's location on heavily traveled Wayne Road ensures excellent visibility and accessibility for potential businesses. The property features one building and is identified by APN 56-057-02-0180-003. The substantial square footage and ample parking make this a highly desirable location for a variety of commercial uses. This is a rare chance to acquire a well-positioned property in a thriving Michigan community. The property's history as a successful restaurant provides a solid foundation for future success. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1966
    Total area 10,711 SF
    Lot 0.6 ac (26,136 SF)
    APN 56 057 02 0180 003
    UPID US43-0349343
    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
    • Caesarlands Restaurant
    • Shrimps R Us Shrimp hut Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $747k
    Blend (final) Blend
    $745k
    Owner & transaction history
    208 S Wayne LLC · 1 yrs held
    208 S Wayne LLC
    since 2025
    3 recorded transactions
    2025
    2016
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.2M +2.3%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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