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Financial
Distress signals
Property profile

35100 E Michigan Ave Wayne, MI 48184

FOR LEASE
Office buildings
Property ID
US43-1311433
7,632 SF 1.18 ac lot Built 1996
Last sale Mar 2009
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a for-sale commercial asset consisting of office buildings and office spaces located at 35100–35350 E. Michigan Avenue in Wayne, Michigan. It is situated directly on E. Michigan Avenue in Wayne, providing access and frontage along that corridor. The listing describes the property as an office-focused inventory for potential tenants and buyers; however, detailed information regarding site size, building square footage, unit mix, layout, number of buildings, and current building…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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?
$18k
Tax billed · 2023
Assessed value · 2024$245k
Effective rate7.34%

Value estimate

· Oct 2026
$330k
$297k – $363k
Submarket $/SF estimate$558k
NOI build-up
Gross scheduled income$140k
Vacancy & credit loss−$33k
Operating expenses−$27k
NOI · 667,383.33% cap applied$80k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$97/SF
County average, outlier-cleaned · 473 recorded sales of this use type
Observed band · Q1–Q3$47 – $153
Qualifying comparables15

Cap rate analysis

How does the asset earn?
667,383.33%
$80k 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 agency50.3
Law Firm34.5
Restaurant31.1

Location

35100 E Michigan Ave Wayne, MI 48184
County assessor Recorded deeds · 4 transfers 15 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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
35612 Michigan, Wayne, MI 48184-1628 $280,000 Apr 2024 2,450 SF
3030 Wayne, Wayne, MI 48184-1219 $65,000 Mar 2023 2,291 SF
35000 Sims, Wayne, MI 48184-1231 $300,000 Dec 2022 8,220 SF
39390 Michigan, Wayne, MI 48184-1057 $1,500,000 Oct 2022 13,764 SF
35122 Michigan, Wayne, MI 48184-1614 $420,000 Jun 2020 4,000 SF
35540 Michigan, Wayne, MI 48184-1626 $380,000 Apr 2019 10,863 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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