34200 Glenwood Rd Westland, MI 48186
- Retail space
- 1,050 SF
- 0.09 lot acres
Current Use by Public Records
- Cloud headz hookah shop and mini mart / Hookah Store / Convenience Store
Property Details for 34200 Glenwood Rd
- Year built
- 1957
- Lot size
- 0.09 lot acres
- Property size
- 1,050 SF
- Property type
- Retail space
- APN
- 56 074 04 1054 000
- APU
- 56074041054000
Description
This exceptional 1,050-square-foot freestanding building presents a fantastic opportunity for a variety of businesses. Located in Westland, Michigan, at 34200 Glenwood Rd, 48186, this single-story, single-tenant property boasts excellent frontage and visibility directly across from Wayne Memorial High School. Its prime location offers significant exposure to a substantial daily traffic flow along Glenwood Road. The building's traditional office layout is adaptable to a range of uses, making it ideal for retail establishments such as pizza shops, sandwich shops, ice cream parlors, or bakeries. Alternatively, it could serve as a comfortable and efficient office space. Situated in Wayne County, this property offers a convenient location with easy access to local amenities and transportation routes. The building's single-story design provides ease of access and functionality. This is a rare opportunity to acquire a well-positioned, freestanding building in a thriving community. The property's size and location make it an attractive investment for both established businesses and entrepreneurs seeking a high-visibility location. The building is ready for immediate occupancy, offering a seamless transition for new owners.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $60,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $70,000
- 6.5%
- $80,000
- 7%
- $75,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $75,000
- Geo Method
- $85,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $80,000
- Retail
- $65,000
- Mixed-Use
- $80,000
- Hospitality
- $60,000
- Educational
- $65,000
- Residential Income
- $65,000
- Energy
- $75,000
- Income-Based Land
- $85,000
- Food Service
- $80,000
Location Insight
- Map
- Local Demand
- City
- Westland
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3757
- Latitude
- 42.2888
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA