8276 Merriman Rd Westland, MI 48185
- Retail space
- 2,413 SF
- 0.17 lot acres
Current Use by Public Records
- Retail space
Property Details for 8276 Merriman Rd
- Year built
- 1960
- Lot size
- 0.17 lot acres
- Property size
- 2,413 SF
- Property type
- Retail space
- APN
- 56 006 06 0174 000
- APU
- 56006060174000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $185,000
- 6.5%
- $195,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $210,000
- Geo Method
- $225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $195,000
- Retail
- $150,000
- Mixed-Use
- $200,000
- Hospitality
- $155,000
- Educational
- $155,000
- Residential Income
- $165,000
- Energy
- $170,000
- Income-Based Land
- $165,000
- Food Service
- $205,000
Location Insight
- Map
- Local Demand
- City
- Westland
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3508
- Latitude
- 42.3486
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA