Financial
Distress signals
Property profile

7520 Wayne Rd Westland, MI 48185

OFF-MARKET
Drive through restaurants
Property ID
US43-4215167
2,520 SF 0.84 ac lot Built 1975
Last sale Jan 2016 · $820,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an operating restaurant with supporting business components, including furniture, fixtures, and equipment. It is situated in a retail-oriented area near national retailers, giving it street-facing commercial presence within a high-traffic shopping environment. The space is configured to support food service operations and also has flexible layout characteristics that may accommodate conventional restaurant use, retail use, or other commercial real estate ventures, subject to applicable approvals.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$18k
Tax billed · 2023
Assessed value · 2024$281k
Effective rate6.36%

Value estimate

· Sep 2026
$870k
$783k – $957k
Submarket $/SF estimate$753k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$257/SF
Submarket average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$99 – $379
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency50.1
Law Firm39.8
Auto Repair Shop36.8

Location

7520 Wayne Rd Westland, MI 48185-7008
County assessor Recorded deeds · 5 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7325 Middlebelt, Westland, MI 48185-2501 $337,500 Mar 2025 2,674 SF
35650 Frd, Westland, MI 48185-3117 $600,000 Sep 2024 1,920 SF
36440 Frd, Westland, MI 48185-2211 $1,157,000 Aug 2024 3,050 SF
1020 Wayne, Westland, MI 48185-3633 $85,000 Jan 2024 2,382 SF
36313 Frd, Westland, MI 48185-2208 $270,000 Oct 2022 1,592 SF
31385 Joy, Westland, MI 48185-7075 $2,034,286 Aug 2022 3,270 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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