3131 Wayne Rd, Wayne, MI 48184-1220
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.