3131 Wayne Rd Wayne, MI 48184-1220
- Retail space
- 951 SF
- 0.05 lot acres
Current Use by Public Records
- Retail space
Property Details for 3131 Wayne Rd
- Year built
- 1947
- Lot size
- 0.05 lot acres
- Property size
- 951 SF
- Property type
- Retail space
- APN
- 55 003 07 0008 000
- APU
- 55003070008000
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wayne
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3835
- Latitude
- 42.2861
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
