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    OFF-MARKET Estimated value $870,000
    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
    $870k
    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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