Property profile

6308 N Wayne Rd Westland, MI 48185

FOR SALE
Turn key restaurants
Property ID
US43-1238309
2,360 SF 0.64 ac lot Built 1980
Entity Owned 16-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,839 square foot freestanding restaurant building is available for purchase at $495,000. Located at 6308 N Wayne Rd in Westland, Michigan (zip code 48185), this property sits on a 0.64-acre lot and is zoned CB-3. The building has undergone recent renovations, encompassing both interior and exterior improvements, ensuring a move-in ready condition for a new operator. Key features include ample parking to accommodate customers and staff, prominent monument signage for high visibility, and multiple points of ingress and egress for convenient traffic flow. The fully equipped kitchen and dining area are ready for immediate use, minimizing start-up costs and maximizing operational efficiency. This prime location in Wayne County offers excellent access to a substantial customer base, making it an ideal investment for experienced restaurateurs seeking a thriving business opportunity. The property's drive-thru capability further enhances its appeal and potential for increased revenue streams. This turnkey operation presents a rare chance to acquire a well-maintained, high-visibility restaurant in a desirable location. Don't miss this opportunity to own a successful, established business.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1980
Total area 2,360 SF
Lot 0.64 ac (27,878 SF)
APN 56 035 04 0001 012
UPID US43-1238309

Cap rate & NOI

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

Location

6308 N Wayne Rd Westland, MI 48185
Westland metro Census 567800 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
$616k
Blend (final) Blend
$615k

Owner & transaction history

since 2010
1 recorded transaction
2010
$25,000

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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