Property profile

3123 S Wayne Rd Wayne, MI 48184

FOR SALE
Retail space
Property ID
US43-1344827
2,100 SF 0.05 ac lot Built 1945
Individually Owned 29-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional opportunity presents a well-established small engine repair shop and retail store in Wayne, MI. Boasting 2,100 square feet on a 0.05-acre lot at 3123 S WAYNE, this turnkey business has thrived for 40 years, offering a diverse range of products and services. The inventory includes scooters, mopeds, dirt bikes, motorcycles, four-wheelers, lawnmowers, and an extensive selection of parts. The business enjoys a prime, centrally located position with the added benefit of a large public parking lot directly behind the building. Current operations are limited by staffing, presenting a significant opportunity for expansion and increased profitability. The current owner is offering up to six months of training to ensure a smooth transition. The monthly rent is a manageable $1,500, and the property offers potential for adding a complementary business to further enhance revenue streams. This is a rare chance to acquire a long-standing, successful business with significant growth potential. The business is being sold as a whole

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1945
Total area 2,100 SF
Lot 0.05 ac (2,178 SF)
APN 55 003 07 0006 000
UPID US43-1344827

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop Motorcycle Shop

Location

3123 S Wayne Rd Wayne, MI 48184
Wayne metro Census 566500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message