Property profile

6360 N Wayne Rd Westland, MI 48185

FOR SALE
Turn key restaurants
Property ID
US43-1329378
7,286 SF 0.77 ac lot Built 1989
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 7,250 square foot freestanding restaurant building is available for purchase at $995,000. Located in Westland, Michigan, at the hard corner of North Wayne Road and Hunter Avenue, this property benefits from a highly visible signalized intersection. The 0.76-acre lot provides ample parking for patrons. The building features multiple points of ingress and egress for convenient access. A prominent pylon sign ensures high visibility from the road. The interior is fully equipped for restaurant operations, making this a turnkey opportunity for a new owner. The property is zoned CB-3, allowing for continued restaurant use. This prime location and existing infrastructure offer a significant advantage for a restaurateur seeking a well-established and visible location in a thriving area. The substantial square footage and ample parking make this an attractive investment for those seeking a successful restaurant venture. The property's strategic placement at a signalized intersection ensures high traffic volume and excellent exposure to potential customers. This is a rare opportunity to acquire a fully operational restaurant building in a desirable location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1989
Total area 7,286 SF
Lot 0.77 ac (33,541 SF)
APN 56 035 04 0001 013
UPID US43-1329378

Cap rate & NOI

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

Location

6360 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
$1.57M
Blend (final) Blend
$440k

Owner & transaction history

3 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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More about this property
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