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    Property profile & analytics
    OFF-MARKET Estimated value $760,000
    Office buildings

    35150 Michigan Ave, Wayne, MI 48184-1614

    14,400 SF 0.29 ac lot Built 1962
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-1350715
    Property summary
    AI-generated overview

    This exceptional 14,400-square-foot retail building, located at 35150 W. Michigan Ave in Wayne, Michigan (zip code 48184), presents a unique investment opportunity. Built in 1962, this single-building property boasts a desirable B-4 zoning, allowing for flexible office or retail use. The building features a striking two-story lobby atrium, a full basement, a spiral staircase, nine offices, a conference room, six restrooms, a break room, and ample storage areas. Its former use as a bank provides unique features including teller desks, a vault, a security system, and fireproof cabinets. The property includes 10 on-site parking spaces, supplemented by convenient free municipal parking. Situated in downtown Wayne, west of Detroit, between South Wayne and Newberry Street, this location benefits from high traffic volume and proximity to numerous retail, entertainment, and dining establishments. The building's beautiful floor plan and convenient location near public transportation make it an ideal space for a variety of businesses. The asking price is $650,000, translating to $45.14 per square foot.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1962
    Total area 14,400 SF
    Lot 0.29 ac (12,632 SF)
    APN 55 003 11 0097 001
    UPID US43-1350715
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $815k
    Comparable Approach Comparable
    $731k
    Blend (final) Blend
    $760k
    Owner & transaction history
    Wayne Michigan Business Center LLC
    Wayne Michigan Business Center LLC
    since 2025
    5 recorded transactions
    2025
    2021
    $390,000
    2020
    $125,000
    2017
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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