34414 Ford RdWestland, MI 48185

Property Details for 34414 Ford Rd

Year built

1966

Lot size

2.33 AC

Property size (Sq ft)

101,106 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

56 035 08 0004 000

APU

56035080004000

Description

Wildwood Plaza, located at 34414 Ford Rd in Westland, MI 48185, offers exceptional medical office space within a thriving retail environment. This two-building complex totals 184,148 square feet, situated on a 24.62-acre lot in Wayne County. Currently, 49,500 square feet of space is available, with divisible units ranging from a minimum of 24,000 square feet to a maximum contiguous space of 25,500 square feet. The property is zoned commercial and features a multiple tenancy structure. The plaza enjoys a prime location on a high-traffic retail corridor, experiencing over 50,000 vehicles daily on Ford Road. This strategic position benefits from a strong synergy with established national retailers such as Dunkin' Donuts, Popeyes, Heartland, Ollie's, Dollar Tree, and Aaron's, as well as a grocery anchor, ensuring high foot traffic and daily needs accessibility. The surrounding area boasts a substantial population of 272,664 within a 5-mile radius, providing a robust potential customer base. The property's APN is 56 035 08 0001 000, 56035080004000. This presents a unique opportunity for medical practices seeking a prominent location in a bustling retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $25,442,948

  6.5%

  $23,485,798

  7%

  $21,808,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,832,788

  Geo Method

  $23,832,788

• Alternative Use

  Use

  Valuation

  Residential

  $19,811,150

  Hospitality

  $18,146,906

  Educational

  $15,098,013

  Medical

  $15,617,257

  Retail

  $23,485,798

Location Insight

City

Westland

County

Wayne

State

Michigan

Latitude

42.3263

Longitude

-83.3805

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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