Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $1,175,000
    Strip malls

    7671 Wayne Rd, Westland, MI 48185-2014

    10,840 SF 1.54 ac lot Built 1975
    Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1766044
    Property summary
    AI-generated overview

    Central Wayne Plaza, located at 7671-7699 North Wayne Road in Westland, Michigan, presents a prime retail opportunity. This established shopping center offers a total of 11,000 square feet of retail space, with 2,193 square feet currently available for lease. The property is conveniently situated in Wayne County, Michigan, zip code 48185, providing excellent access to a thriving local market. The center features ample parking with 89 spaces available for customers and tenants. The property is classified as a multi-tenant shopping center, indicating a strong potential for synergy and shared customer traffic. The available space is ideal for a variety of retail uses, offering a flexible layout adaptable to diverse business needs. The property's location in Westland offers easy access to major roadways, ensuring high visibility and convenient access for customers. This is an exceptional opportunity to establish or expand a retail business in a well-established and highly visible shopping center. The 2,193 square foot space is ready for immediate occupancy, providing a turnkey solution for businesses seeking a move-in ready location. Interested parties are encouraged to inquire further to explore this promising retail investment.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1975
    Total area 10,840 SF
    Lot 1.54 ac (67,082 SF)
    APN 56 015 04 0009 001
    UPID US43-1766044
    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
    • Mattress Firm Clearance Center Central Wayne Plaza Furniture & Home Goods
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.17M
    Blend (final) Blend
    $1.18M
    Owner & transaction history
    Central Wayne Properties LLC · 10 yrs held
    Central Wayne Properties LLC
    since 2015
    4 recorded transactions
    2021
    2017
    2017
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.4M +67.2%
    Auto repair, garage $1.2M +38.0%
    Retail stores $1.2M +34.9%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 7671 Wayne Rd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message