For Sale
$399,000

626 Wayne Rd Westland, MI 48186

1.1-acre lot, prime commercial location

Overview

Added:
Dec 11, 2024
Days on market:
133
This 1.1-acre commercial land parcel in Westland, Michigan, presents a compelling redevelopment opportunity. Located at 626 S Wayne Rd, 48186, the property boasts 154 feet of frontage on Wayne Road and 86 feet on Oakwood Road. Zoned CB-1, it benefits from a high-traffic location with 24,918 vehicles per day on Wayne Road. The site is ideally situated within a thriving commercial area, only 20 minutes from the Detroit Metropolitan Airport and close to I-275. Strong demographics support this investment, with over 288,000 people, an average household income exceeding $87,000, and 8,516 businesses within a 5-mile radius. The total annual household expenditure budget within this 5-mile radius surpasses $9 billion. Offered fee simple and free and clear of debt, this property is priced at $399,000 and represents a significant chance to capitalize on a robust market. The property's size and location make it suitable for a variety of commercial developments.

Highlights

  • 20-minute drive to Detroit Metropolitan Airport.
  • Excellent I-275 access.
  • Situated in a thriving, densely populated commercial area.
  • High traffic count: 24,918 vehicles per day on Wayne Road.
  • Prominent frontage: 154 feet on Wayne Road and 86 feet on Oakwood Road.
  • Strong demographics: 288,000+ population, $87,000+ average household income, and 8,516 businesses within a 5-mile radius.

Property Details for 626 Wayne Rd

Property type
Land
Lot Size (sq. ft)
47,916 SF

Location Insight

City
Westland
County
Wayne
State
Michigan
Latitude
42.304726634514
Longitude
-83.388517920773

FAQs

What type of property is this?
Land - 1.1-acre lot, prime commercial location
Where is the land located?
The property is located at 626 Wayne Rd Westland, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 20-minute drive to Detroit Metropolitan Airport.; Excellent I-275 access.; Situated in a thriving, densely populated commercial area.
How can I contact the broker?
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626 Wayne Rd
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