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    FOR LEASE
    Strip malls

    36430 Ford Rd, Westland, MI 48185

    92,536 SF 9.62 ac lot Built 1994
    Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-4793026
    Property summary
    AI-generated overview

    City Center Plaza, located at 36430 Ford Rd in Westland, Michigan (zip code 48185), offers a prime retail and restaurant opportunity within a thriving commercial center. This multi-tenant strip center and medical facility boasts a total of 97,670 square feet, with multiple spaces currently available. Units range from a minimum of 1,438 square feet to a maximum contiguous space of 2,686 square feet, providing flexibility for various business needs. Currently, 4,326 square feet are vacant and ready for immediate occupancy. The property benefits from a high volume of traffic due to its strategic location and prominent anchor tenant, Kroger. Other established businesses within the center include DaVida Dialysis, Verizon, and UPS, creating a strong and diverse tenant mix. Ample parking is available for customers and employees, with over 450 parking spaces provided. The property is situated in Wayne County, Michigan, offering easy access to major roadways and a dense population base. This presents a unique opportunity for businesses seeking high visibility and a strong customer base in a well-established commercial area. The property is classified as both retail and restaurant space, and also includes a medical subtype.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1994
    Total area 92,536 SF
    Lot 9.62 ac (419,047 SF)
    APN 56 031 99 0013 703
    UPID US43-4793026
    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
    Current use
    Occupant on record · Public records
    • Kroger Money Services Bank Credit Union
    • Kroger Floral (Bike/Boat/Book/etc) Store Florist
    • Ria Money Transfer - Kroger Bank Credit Union
    • Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
    • SNOWFOX Sushi Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $8.84M
    Blend (final) Blend
    $8.85M
    Owner & transaction history
    Suso 4 City Center LP · 11 yrs held
    Suso 4 City Center LP
    since 2015
    2 recorded transactions
    2015
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $12.3M +67.2%
    Auto repair, garage $10.2M +38.0%
    Retail stores $9.9M +34.9%
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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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