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    Property profile & analytics

    34438 Michigan Ave Wayne, MI 48184-1742

    • Turn key restaurants
    • 2,975 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-1334236
    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

    • Turn key restaurants

    Property Details for 34438 Michigan Ave

    Year built
    1969
    Lot size
    0.52 lot acres
    Property size
    2,975 SF
    Property type
    Turn key restaurants
    APN
    55 017 01 0648 001
    APU
    55017010648001

    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
    -83.3769
    Latitude
    42.2819
    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
    $9,619
    $0.00
    $0.00
    $149,400
    -
    $0.00
    $0.00
    $298,800

    Comparable in this City

    • Value Estimation by Request
      672 SF

      3007 Wayne Rd

      RESTAURANT • 672 SF
      3007 Wayne Rd, Wayne, MI 48184-1218
      View Details
    • Value Estimation by Request
      1,620 SF

      35830 Michigan Ave

      RESTAURANT • 1,620 SF
      35830 Michigan Ave, Wayne, MI 48184-1631
      View Details
    • Value Estimation
      $130,000
      1,789 SF

      5006 Wayne Rd

      RESTAURANT • 1,789 SF
      5006 Wayne Rd, Wayne, MI 48184-2313
      View Details
    • Value Estimation by Request
      2,657 SF

      3103 Wayne Rd

      RESTAURANT • 2,657 SF
      3103 Wayne Rd, Wayne, MI 48184-1220
      View Details
    • Value Estimation
      $230,000
      2,185 SF

      34250 Michigan Ave

      RESTAURANT • 2,185 SF
      34250 Michigan Ave, Wayne, MI 48184-1744
      View Details
    • Value Estimation by Request
      6,276 SF

      34816 Michigan Ave

      BAR, TAVERN • 6,276 SF
      34816 Michigan Ave, Wayne, MI 48184-1731
      View Details

    Similar Nearby for Sale

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      Remodeled Commercial Building on Wayne Road

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      Established Restaurant on Michigan Avenue

      Long-established restaurant for sale on high-traffic Michigan Avenue.
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      Turn-Key Tanning Salon Opportunity

      Established tanning salon in downtown Wayne, a turn-key business opportunity.
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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
    • $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
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    • $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
    • Contact for pricing

      Wayne Retail/Automotive/Parking Opportunity

      Versatile property suitable for retail, automotive, or parking use.
      4000 2Nd St, Wayne, MI 48184
      View Details

    Property Visit Statistics

    • Visits by month
      705
    • Visitors by month
      11.2k
    • Avg Time on site
      10 min
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    34438 Michigan Ave
    Wayne, MI 48184-1742
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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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