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Property profile & analytics
OFF-MARKET
Retail space

2262 Wayne Rd Westland, MI 48186-5428

1,733 SF 0.18 ac lot Built 1935
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1065685
Property summary
AI-generated overview

This exceptional 1,733 square foot industrial property, located at 2262 S WAYNE in Westland, Michigan, presents a fantastic opportunity for entrepreneurs seeking a prime location to establish their business. Situated on a 0.18-acre lot, this building boasts a durable solid block exterior, ensuring longevity and structural integrity. Its strategic placement within a high-traffic area, surrounded by residential homes, offers significant potential for a wide range of business ventures. The property's high visibility ensures excellent exposure to potential customers and clients. The building's size is ideal for a variety of uses, making it a versatile option for various business models. Interested parties are encouraged to contact the appropriate city authorities to confirm permitted business types. This property is priced competitively at $219,000, representing a compelling investment opportunity in a thriving Westland community. Don't miss this chance to secure a well-positioned industrial space with significant growth potential. Further details are available upon request.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1935
Total area 1,733 SF
Lot 0.18 ac (7,841 SF)
APN 56 075 07 0008 001
UPID US43-1065685
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 Mold Inspection LLC Home Inspector
  • Nationwide Dumpsters Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
2262 S Wayne LLC · 3 yrs held
2262 S Wayne LLC
since 2022
Last sale
$200,000
4 recorded transactions
2022
$200,000
2017
$100,000
2015
$120,000
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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