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    Property profile & analytics

    31403 Michigan Ave Wayne, MI 48184-1412

    • Grocery and convenience stores
    • 2,940 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-1670072
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 31403 Michigan Ave

    Year built
    1999
    Lot size
    0.85 lot acres
    Property size
    2,940 SF
    Property type
    Grocery and convenience stores
    APN
    55 002 99 0003 702
    APU
    55002990003702

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Wayne
    State
    Michigan
    Longitude
    -83.349
    Latitude
    42.2849
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,365
    $0.00
    $0.00
    $533,800
    -
    $0.00
    $0.00
    $1,067,600

    Comparable in this City

    • Value Estimation by Request
      3,949 SF

      2910 Venoy Rd

      CONVENIENCE STORE • 3,949 SF
      2910 Venoy Rd, Wayne, MI 48184-1330
      View Details
    • Value Estimation
      $280,000
      2,480 SF

      4568 Howe Rd

      CONVENIENCE STORE • 2,480 SF
      4568 Howe Rd, Wayne, MI 48184-1897
      View Details
    • Value Estimation by Request
      2,100 SF

      5750 Wayne Rd

      CONVENIENCE STORE • 2,100 SF
      5750 Wayne Rd, Wayne, MI 48184-2913
      View Details
    • Value Estimation
      $620,000
      2,627 SF

      38800 Michigan Ave

      CONVENIENCE STORE • 2,627 SF
      38800 Michigan Ave, Wayne, MI 48184-1060
      View Details
    • Value Estimation
      $405,000
      1,215 SF

      33735 Michigan Ave

      CONVENIENCE STORE • 1,215 SF
      33735 Michigan Ave, Wayne, MI 48184-2702
      View Details
    • Value Estimation by Request
      3,198 SF

      3113 Wayne Rd

      CONVENIENCE STORE • 3,198 SF
      3113 Wayne Rd, Wayne, MI 48184-1220
      View Details

    Similar Nearby for Sale

    • $575,000
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      Remodeled Retail Space For Sale

      Move-in ready retail space suitable for various businesses.
      4502 S Wayne Rd, Wayne, MI 48184
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    • $3,100,000
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      Outlot Retail Opportunity

      Retail property on Home Depot outlot, Canton, MI.
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    • $49,900

      Turn-Key Tanning Salon Opportunity

      Established tanning salon in downtown Wayne, a turn-key business opportunity.
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    • $150,000

      Downtown Wayne Commercial/Office Building

      Commercial/office building in downtown Wayne, suitable for various businesses.
      3143 S Wayne Rd, Wayne, MI 48184
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    • $99,900
      2,100 SF

      Established Repair Shop Business Opportunity

      Established repair shop and retail business for sale in Wayne.
      3123 S Wayne Rd, Wayne, MI 48184
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    • $215,000

      Downtown Wayne Commercial/Office Opportunity

      Commercial/office building in downtown Wayne with parking.
      3151 S Wayne Rd, Wayne, MI 48184
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,413 SF

      Retail Space on Michigan Avenue

      High-traffic retail corridor with flexible suite sizes available for rent.
      35300-35354 E Michigan Ave, Wayne, MI 48184
      View Details
    • $3,500 /Mo

      Retail Space in Thriving District

      Two adjacent buildings for rent in Wayne's business district.
      35812-35816 W Michigan Ave, Wayne, MI 48184
      View Details
    • $18 SF/Yr
      16,000 SF

      Romulus Retail Center Investment

      16,000 SF Retail Space, For Sale/Lease
      0 Sec Of Ecorse & Hannan, Romulus, MI 48184
      View Details
    • $1,300 /Mo

      Retail Space in Newer Center

      Approximately 1500 sq ft retail space for lease.
      33950 Van Born Rd, Wayne, MI 48184
      View Details
    • $1,000 /Mo

      Free-Standing Building in Business District

      Versatile retail space in Wayne's business district, Michigan Avenue.
      35816 W Michigan Ave, Wayne, MI 48184
      View Details
    • $40 SF/Yr
      1,100 SF

      Retail Space Near I-275

      Retail space available near I-275 on-ramp with high traffic.
      40200 Michigan Ave, Canton, MI 48184
      View Details

    Property Visit Statistics

    • Visits by month
      16.3k
    • Visitors by month
      10.0k
    • Avg Time on site
      7 min
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    31403 Michigan Ave
    Wayne, MI 48184-1412
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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