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Property profile & analytics
OFF-MARKET
Retail space

8276 Merriman Rd Westland, MI 48185-1693

2,413 SF 0.17 ac lot Built 1960
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US43-1729639
Property summary
AI-generated overview

This exceptional 1,200 square foot retail endcap space is ideally situated on Merriman Road, enjoying prominent frontage and high visibility near the hard corner intersection with Ann Arbor Trail. The property benefits from excellent exposure and is surrounded by a variety of national brand tenants, ensuring high foot traffic and brand recognition opportunities. Currently configured as a salon, the space is move-in ready for a similar business or adaptable for other retail uses. The single-tenant occupancy provides flexibility and control. The building is a single-story structure, zoned CB-1 (Low Intensity Commercial Business District), making it suitable for a range of commercial ventures. This location offers a strong foundation for a thriving business, capitalizing on its strategic placement within a well-established commercial area. The property's existing salon build-out presents a significant cost-saving advantage for prospective tenants seeking a quick and efficient setup. The high-traffic location and proximity to national retailers create an ideal environment for attracting customers and building a successful enterprise. This is a rare opportunity to acquire a well-positioned retail space in a desirable commercial district. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Total area 2,413 SF
Lot 0.17 ac (7,405 SF)
APN 56 006 06 0174 000
UPID US43-1729639
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Sg Investment Group Two LLC · 4 yrs held
Sg Investment Group Two LLC
since 2022
Last sale
$195,000
4 recorded transactions
2022
$195,000
2020
$150,000
2012
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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