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    Property profile & analytics
    FOR LEASE
    Strip malls

    5800 N Wayne Rd, Westland, MI 48185

    10,048 SF 1.35 ac lot Built 1985
    Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1794684
    Property summary
    AI-generated overview

    Fil Mar Plaza, located at 5800 N Wayne Rd, Westland, MI 48185, offers a prime 1,000 square foot retail storefront space currently available for lease. This space, formerly a beauty spa, benefits from excellent visibility on Wayne Road, a high-traffic thoroughfare. The property is situated in a vibrant retail environment, surrounded by established businesses including Family Dollar and O'Reilly Auto Parts, ensuring high foot traffic and brand synergy. The lease rate is $12.00 per square foot, NNN. Tenancy is multiple, meaning the building may house other businesses. While the total building square footage is not specified, the minimum divisible space is 1,000 square feet, making this an ideal opportunity for a smaller retailer or service provider. The property offers flexible lease terms and build-out options to accommodate the specific needs of prospective tenants. The cross street is Beechwood Avenue, providing additional access and visibility. This location presents a compelling opportunity for businesses seeking high visibility and a strong retail presence in a thriving Westland community. Interested parties should inquire about lease terms and available build-out options.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1985
    Total area 10,048 SF
    Lot 1.35 ac (58,806 SF)
    APN 56 035 02 0001 000
    UPID US43-1794684
    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
    by Request
    Comparable Approach Comparable
    $1.09M
    Blend (final) Blend
    $1.09M
    Owner & transaction history
    Brux Ents LLC · 9 yrs held
    Brux Ents LLC
    since 2016
    2 recorded transactions
    2016
    2013
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.3M +67.2%
    Auto repair, garage $1.1M +38.0%
    Retail stores $1.1M +34.9%
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    More about this property
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