Financial
Distress signals
Property profile

34200 Glenwood Rd Westland, MI 48186

FOR SALE
Retail space
Property ID
US43-1222191
1,050 SF 0.09 ac lot Built 1957
Last sale Jul 2021 · $50,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
34200 Glenwood Rd, Westland, MI 48186 For Sale
$60,000 1,050 SF
34200 Glenwood Rd, Westland, MI 48186
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Property summary

AI-generated overview

A freestanding commercial building located directly across from Wayne Memorial High School, with frontage and visibility on Glenwood Road. The property configuration is suitable for multiple neighborhood-oriented retail or office uses, including food service concepts such as a pizza shop, sandwich shop, ice cream parlor, or bakery.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$49k
Effective rate6.39%

Value estimate

· Sep 2026
$60k
$54k – $66k
NOI build-up
Gross scheduled income$15k
Vacancy & credit loss−$907
Operating expenses−$4k
NOI · 73,696.30% cap applied$10k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$107/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$43 – $159
Qualifying comparables10

Cap rate analysis

How does the asset earn?
73,696.30%
$10k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.9
Law Firm23.9
Dental Office15.9

Location

34200 Glenwood Rd Westland, MI 48186
County assessor Recorded deeds · 1 transfer 10 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
30435 Cherry Hl, Westland, MI 48186-5074 $375,000 Apr 2024 1,291 SF
1316 Wayne, Westland, MI 48186-5438 $48,651 Feb 2022 480 SF
1361 Wayne, Westland, MI 48186-5553 $135,000 Feb 2022 756 SF
2645 Wayne, Westland, MI 48186-5558 $215,000 Jul 2021 1,421 SF
34243 Palmer, Westland, MI 48186-4680 $125,000 Jan 2021 2,400 SF
35345 Cherry Hl, Westland, MI 48186-4373 $127,000 Dec 2019 1,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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