34410 Ford RdWestland, MI 48185

Property Details for 34410 Ford Rd

Year built

2000

Lot size

0.52 AC

Property size (Sq ft)

4,193 SF

Property type

Drive through restaurants

APN

56 035 99 0016 000

APU

56035990016000

Description

Wildwood Plaza presents a compelling retail investment opportunity in Wayne County. This strip center totals 4,035 square feet, with 1,955 square feet currently vacant, offering immediate potential for expansion or new tenancy. The property boasts a convenient location within a thriving commercial area, ensuring high visibility and accessibility for businesses. The C-1 zoning allows for a variety of retail uses, providing flexibility for potential tenants. Ample parking is available, with 20 or more spaces accommodating customers and employees. The existing tenants create a strong co-tenancy, fostering a synergistic environment and attracting a diverse customer base. This property's strategic location near major transportation arteries ensures convenient access for both customers and employees, contributing to its overall appeal and potential for consistent revenue generation. The combination of high visibility, ample parking, strong co-tenancy, and a desirable location makes Wildwood Plaza an exceptional investment opportunity for those seeking a stable and profitable retail venture. The significant vacant space presents a unique chance to customize and tailor the property to meet the specific needs of a new tenant, maximizing its potential for long-term success. This is a chance to capitalize on a prime retail location in a dynamic commercial environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,055,153

  6.5%

  $973,987

  7%

  $904,417

• Comparable approach

  Method

  Valuation

  Relative Method

  $988,377

  Geo Method

  $988,377

• Alternative Use

  Use

  Valuation

  Residential

  $821,595

  Hospitality

  $752,576

  Educational

  $626,135

  Medical

  $647,668

  Retail

  $973,987

Location Insight

City

Westland

County

Wayne

State

Michigan

Latitude

42.325

Longitude

-83.3799

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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