34200 Glenwood RdWestland, MI 48186

Property Details for 34200 Glenwood Rd

Year built

1957

Lot size

0.09 AC

Property size (Sq ft)

1,050 SF

Property type

Retail space

APN

56 074 04 1054 000

APU

56074041054000

Description

This exceptional 1,050-square-foot freestanding building presents a fantastic opportunity for a variety of businesses. Located in Westland, Michigan, at 34200 Glenwood Rd, 48186, this single-story, single-tenant property boasts excellent frontage and visibility directly across from Wayne Memorial High School. Its prime location offers significant exposure to a substantial daily traffic flow along Glenwood Road. The building's traditional office layout is adaptable to a range of uses, making it ideal for retail establishments such as pizza shops, sandwich shops, ice cream parlors, or bakeries. Alternatively, it could serve as a comfortable and efficient office space. Situated in Wayne County, this property offers a convenient location with easy access to local amenities and transportation routes. The building's single-story design provides ease of access and functionality. This is a rare opportunity to acquire a well-positioned, freestanding building in a thriving community. The property's size and location make it an attractive investment for both established businesses and entrepreneurs seeking a high-visibility location. The building is ready for immediate occupancy, offering a seamless transition for new owners.

• CAP approach

  CAP return

  Valuation

  6%

  $264,229

  6.5%

  $243,903

  7%

  $226,482

• Comparable approach

  Method

  Valuation

  Relative Method

  $247,507

  Geo Method

  $247,507

• Alternative Use

  Use

  Valuation

  Residential

  $205,742

  Hospitality

  $188,458

  Educational

  $156,795

  Medical

  $162,187

  Retail

  $243,903

Location Insight

City

Westland

County

Wayne

State

Michigan

Latitude

42.2888

Longitude

-83.3757

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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