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    Property profile & analytics

    32304 Michigan Ave Wayne, MI 48184-1423

    • Retail space
    • 4,000 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 06, 2022
    $4,768
    Location Intelligence
    Property ID
    US43-0043112
    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

    • Retail space

    Property Details for 32304 Michigan Ave

    Year built
    1953
    Lot size
    0.09 lot acres
    Property size
    4,000 SF
    Property type
    Retail space
    APN
    55 002 01 1201 002
    APU
    55002011201002

    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
    -83.3574
    Latitude
    42.2846
    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
    $6,448
    $0.00
    $0.00
    $97,400
    -
    $0.00
    $0.00
    $194,800

    Comparable in this City

    • Value Estimation by Request
      2,525 SF

      34659 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,525 SF
      34659 Michigan Ave, Wayne, MI 48184-1730
      View Details
    • Value Estimation
      $180,000
      2,262 SF

      4609 Wayne Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,262 SF
      4609 Wayne Rd, Wayne, MI 48184-2310
      View Details
    • Value Estimation
      $145,000
      3,267 SF

      35634 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,267 SF
      35634 Michigan Ave, Wayne, MI 48184-1628
      View Details
    • Value Estimation by Request
      1,450 SF

      3152 Wayne Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,450 SF
      3152 Wayne Rd, Wayne, MI 48184-1221
      View Details
    • Value Estimation by Request
      1,473 SF

      2913 Wayne Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,473 SF
      2913 Wayne Rd, Wayne, MI 48184-1216
      View Details
    • Value Estimation by Request
      1,911 SF

      3127 Wayne Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,911 SF
      3127 Wayne Rd, Wayne, MI 48184-1220
      View Details

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    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
    • $1,300 /Mo

      Retail Space in Newer Center

      Approximately 1500 sq ft retail space for lease.
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      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
    • $1,200 /Mo

      Retail Space on Michigan Avenue

      High-visibility retail space in a growing community.
      32232 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
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    32304 Michigan Ave
    Wayne, MI 48184-1423
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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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