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    OFF-MARKET
    Day care centers

    630 Wayne Rd, Westland, MI 48185-3631

    1,313 SF 0.24 ac lot Built 1959
    Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0407211
    Property summary
    AI-generated overview

    This exceptional Westland, MI industrial property presents a unique investment opportunity. Encompassing a half-acre lot (0.5 acres), the property includes two buildings totaling 5,400 square feet and two separate parking areas. The property is comprised of five parcels (Parcel IDs: 56043010247000, 56043010250000, 56043010251000, 56043010252000, & 56043990001000). The main building, located at 646 Wayne Rd., boasts approximately 3,600 square feet, including 600 square feet of office space and a full kitchen. This building underwent significant renovations in 2012 and 2021, and a new furnace was installed in 2019. The second building, situated at 630 N Wayne, offers approximately 1,800 square feet, with 600 square feet dedicated to office space. This building received updates in 2015/2016. Both buildings feature three bathrooms and multiple office spaces, with four offices in each. Detailed financial information is available upon request. Showings are scheduled by appointment only. Please refrain from contacting the business, employees, or clients directly. All dimensions are approximate and should be independently verified.

    Property profile
    Verified
    Property type Day care centers
    Use group DAY CARE, PRE-SCHOOL
    Year built 1959
    Total area 1,313 SF
    Lot 0.24 ac (10,454 SF)
    APN 56 043 99 0001 000
    UPID US43-0407211
    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
    • Eureka Educators Consultant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Hug A Bug Christian Preschool LLC · 10 yrs held
    Hug A Bug Christian Preschool LLC
    since 2016
    3 recorded transactions
    2016
    2015
    $141,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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