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Property profile & analytics

5006 Wayne Rd Wayne, MI 48184

  • Turn key restaurants
  • 1,789 SF
  • 0.11 lot acres
Value Estimation
Last Sale
Mar 07, 2025
$138,000
Location Intelligence
Property ID
US43-4295599
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 5006 Wayne Rd

Year built
1957
Lot size
0.11 lot acres
Property size
1,789 SF
Property type
Turn key restaurants
APN
55 016 02 0012 301
APU
55016020012301

Description

This exceptional opportunity presents the chance to acquire a well-established Coney Island restaurant located at 5006 S Wayne Road in Wayne, Michigan. The property boasts a substantial 2,500 square feet of space situated on a 0.11-acre lot. This turnkey operation is being offered for sale due to the owner's retirement. The sale includes the real estate and the entire business, representing a unique chance to step into a ready-made, profitable venture. All existing equipment and furnishings are included in the sale price of $224,900, eliminating the need for significant upfront investment in new infrastructure. The restaurant has cultivated a loyal customer base over many years, providing a solid foundation for continued success. Financial records are available upon request, offering potential buyers a comprehensive understanding of the business's performance and profitability. This is a rare opportunity to acquire a thriving business with a proven track record in a desirable location. The property's prime location ensures high visibility and accessibility, contributing to its consistent success. Don't miss this chance to own a piece of Wayne's culinary history and build upon its established legacy.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $125,000
  • CAP approach

    CAP return
    Estimation
    6%
    $140,000
    6.5%
    $135,000
    7%
    $145,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $125,000
    Geo Method
    $155,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $125,000
    Retail
    $150,000
    Mixed-Use
    $160,000
    Hospitality
    $150,000
    Educational
    $145,000
    Residential Income
    $125,000
    Energy
    $155,000
    Income-Based Land
    $130,000
    Food Service
    $125,000

Location Insight

  • Map
  • Local Demand
City
Wayne
County
Wayne
State
Michigan
Longitude
-83.3889
Latitude
42.2712
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,658
$0.00
$0.00
$67,900
-
$0.00
$0.00
$135,800
More about this property
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