6006 Wayne RdWestland, MI 48185

Property Details for 6006 Wayne Rd

Year built

1980

Lot size

3.97 AC

Property size (Sq ft)

35,200 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

56 035 04 0018 004

APU

56035040018004

Description

Westview Plaza offers a prime 1,600 square foot retail space for lease in the thriving Westland, Michigan market. Located at Wayne Rd. just north of Ford Rd., this single-tenant space is part of a larger 35,260 square foot neighborhood shopping center built in 1979. The property sits on 3.97 acres of land and boasts ample parking with 228 spaces available for customers and employees. Benefit from the high visibility and accessibility afforded by its location in a high-traffic area, shadow anchored by established businesses such as O'Reilly Auto Parts, H&R Block, and Family Dollar. The building is a single-story structure zoned CB 3, providing a convenient and accessible retail environment. This opportunity presents a strong potential for businesses seeking a well-located space within a busy commercial center in the Westland submarket. The property's existing infrastructure and prominent location offer immediate access to a substantial customer base. Serious inquiries are encouraged to explore this exceptional retail leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $8,857,949

  6.5%

  $8,176,568

  7%

  $7,592,528

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,297,372

  Geo Method

  $8,297,372

• Alternative Use

  Use

  Valuation

  Residential

  $6,897,241

  Hospitality

  $6,317,836

  Educational

  $5,256,365

  Medical

  $5,437,140

  Retail

  $8,176,568

Location Insight

City

Westland

County

Wayne

State

Michigan

Latitude

42.3287

Longitude

-83.3868

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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