Property profile

35000 Sims St Wayne, MI 48184

FOR SALE
Office Building
Property ID
US43-4207813
8,220 SF 0.77 ac lot
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Property summary

AI-generated overview

This commercial event-venue property at 35000 Sims Street in Wayne, Michigan is zoned B-5 (Business Concentrated) and sits on a 0.77-acre lot. A 5,618-square-foot building is designed to accommodate up to 400 guests and is located at the high-traffic corner of Sims Street and Wayne Road within the major business district near Wayne City Hall, Goudy Park, and a planned city amphitheater. The venue includes ample parking, a commercial kitchen, and a bar area, and is equipped with a fire monitoring suppression system (RedGuard & Edwards). The site provides multiple points of access and egress, and the venue stairway is positioned as a main pedestrian connection toward the future amphitheater. The property is also near the Michigan Avenue corridor with retail, dining, services, schools, government offices, and the library, with access to interstates I-94, I-275, and I-96.

Property profile

Verified
Property type Office Building
Total area 8,220 SF
Lot 0.77 ac (33,541 SF)
APN 55 003 10 0049 302
UPID US43-4207813

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

35000 Sims St Wayne, MI 48184
Wayne metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2022
Last sale
$300,000
3 recorded transactions
2022
$300,000
2019
Price N/A
2018
$165,000
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