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Property profile & analytics
OFF-MARKET Estimated value $720,000
Strip malls

8017 Wayne Rd Westland, MI 48185-1109

10,005 SF 0.91 ac lot Built 1988
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-0413977
Property summary
AI-generated overview

This exceptional retail property, located at 8017 N Wayne Road, offers 10,005 square feet of total building space, with 2,000 square feet currently available for lease. The property boasts a prime location in a heavily traveled shopping center, ensuring high visibility and foot traffic. Current tenants include established businesses such as Domino's Pizza, Skylar Laundromat, and Jersey Mike's Subs, creating a synergistic and thriving retail environment. The available space is ideal for a variety of retail uses, providing ample room for a new business to flourish. The building is well-maintained and offers excellent visibility from N Wayne Road. This is a fantastic opportunity to establish a presence in a busy and successful shopping center, benefiting from the existing tenant base and high volume of traffic. The 2,000 square foot space presents a blank canvas for a new business to customize and create a thriving retail operation. Don't miss this chance to secure a prominent location in a well-established commercial center. Contact us today to schedule a viewing and learn more about this exciting opportunity. The property is classified as Street Retail and is a multi-tenant building.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Total area 10,005 SF
Lot 0.91 ac (39,640 SF)
APN 56 014 99 0030 700
UPID US43-0413977
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
  • Domino's Pizza Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$720k
Owner & transaction history
Westland Property One LLC · 4 yrs held
Westland Property One LLC
since 2022
Last sale
$780,000
2 recorded transactions
2022
$780,000
2017
$600,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.3M +67.2%
Auto repair, garage $1.1M +38.0%
Retail stores $1.1M +34.9%
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