Property profile

7107 Wayne Rd Westland, MI 48185

OFF-MARKET
Office buildings
Property ID
US43-0830648
4,822 SF 0.26 ac lot Built 1942
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This single-story, 5,324 square foot office building, located at 7107 N Wayne Rd in Westland, Michigan, presents a unique leasing opportunity. Situated on a 0.8-acre lot, this Class C property offers a blend of executive and medical office space, perfect for a variety of businesses. Built in 1942 and renovated in 1994, the building is zoned CB-3 - General Commercial, allowing for diverse uses within Wayne County's regulations. Currently, 1,734 square feet of space is immediately available for lease within a multi-tenant building. The property features a total of 5,324 square feet across one building. Its convenient location in Westland, Michigan, zip code 48185, provides easy access to major transportation routes and local amenities. This is an excellent opportunity to secure a well-maintained office space in a desirable location. The property's history and recent renovations combine to offer a functional and adaptable workspace. Interested parties should inquire about lease terms and conditions. The available space is ready for immediate occupancy.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1942
Total area 4,822 SF
Lot 0.26 ac (11,326 SF)
APN 56 034 01 0003 001
UPID US43-0830648

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Physician
  • Physician
  • Physician

Location

7107 Wayne Rd Westland, MI 48185-2172
Westland metro Census 568800 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
by Request
Blend (final) Blend
$470k

Owner & transaction history

since 2022
Last sale
$400,000
3 recorded transactions
2022
$400,000
2011
$175,000
2010
$236,600

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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