Property profile

35613 Warren Rd Westland, MI 48185

FOR LEASE
Turn key restaurants
Property ID
US43-4315692
6,457 SF 0.92 ac lot Built 2004
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity presents two available spaces totaling 6,722 square feet within the vibrant West Ridge Shopping Center in Westland, Michigan. Located at 35613 Warren Rd, 48185, this property boasts a prime location within a 176,872 square foot power center anchored by major retailers including Target, Burlington, Petco, Ross, Party City, and Crunch Fitness. The available space is part of a former On The Border restaurant and offers a substantial lease term extending through July 31, 2036, with six, five-year options. The total land area encompasses 1.94 acres, providing ample space and visibility. The existing 6,722 square feet of vacant space offers immediate occupancy potential, while additional space may be available. All fixtures, furniture, and equipment (FF&E) are negotiable, providing flexibility for prospective tenants to customize the space to their specific needs. This property is ideally suited for a variety of retail or restaurant concepts seeking high visibility and strong foot traffic in a thriving retail environment. The property is classified as commercial, with multiple tenancy options. Wayne County location offers excellent access to major roadways and a dense population base. Don't miss this chance to secure a prominent position in a successful shopping center.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2004
Total area 6,457 SF
Lot 0.92 ac (40,075 SF)
APN 56 029 99 0008 708
UPID US43-4315692

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

35613 Warren Rd Westland, MI 48185
Westland metro Census 568800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.23M

Owner & transaction history

since 2022
Last sale
$3.5M
3 recorded transactions
2022
$3.5M
2016
Price N/A
2015
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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