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    OFF-MARKET
    Retail space

    3131 Wayne Rd, Wayne, MI 48184-1220

    951 SF 0.05 ac lot Built 1947
    Individually Owned Free & Clear
    Property ID
    US43-1167557
    Property summary
    AI-generated overview

    This exceptional retail property, located at 3131 S Wayne Rd in Wayne, Michigan, presents a fantastic turn-key opportunity. The 951-square-foot free-standing building, built in 1947 and recently renovated, is ideally suited for a variety of retail uses, particularly given its history as a hair salon. Situated on a 0.05-acre lot (APN 55-003-07-0008-000), the property benefits from its convenient location near downtown Wayne and ample city parking, ensuring easy customer access. The B-2 Business Neighborhood zoning allows for a range of commercial uses. The building's prime location on S Wayne Rd, a high-traffic area with 20,052 vehicles passing daily, provides excellent visibility and exposure for any business. Offered at $115,000 ($120.93/sq ft), this single-story building represents a compelling investment opportunity in a thriving commercial area. The property's recent renovations minimize upfront capital expenditures, allowing a new owner to focus on business operations immediately. This is a rare chance to acquire a well-positioned, move-in ready retail space in a desirable Michigan location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1947
    Total area 951 SF
    Lot 0.05 ac (2,178 SF)
    APN 55 003 07 0008 000
    UPID US43-1167557
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    COLLEEN SCOTT
    COLLEEN SCOTT
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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