7107 Wayne RdWestland, MI 48185

Property Details for 7107 Wayne Rd

Year built

1942

Lot size

0.26 AC

Property size (Sq ft)

4,822 SF

Property type

Office buildings

APN

56 034 01 0003 001

APU

56034010003001

Description

This single-story, 5,324 square foot office building, located at 7107 N Wayne Rd in Westland, Michigan, presents a unique leasing opportunity. Situated on a 0.8-acre lot, this Class C property offers a blend of executive and medical office space, perfect for a variety of businesses. Built in 1942 and renovated in 1994, the building is zoned CB-3 - General Commercial, allowing for diverse uses within Wayne County's regulations. Currently, 1,734 square feet of space is immediately available for lease within a multi-tenant building. The property features a total of 5,324 square feet across one building. Its convenient location in Westland, Michigan, zip code 48185, provides easy access to major transportation routes and local amenities. This is an excellent opportunity to secure a well-maintained office space in a desirable location. The property's history and recent renovations combine to offer a functional and adaptable workspace. Interested parties should inquire about lease terms and conditions. The available space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $825,468

  6.5%

  $761,971

  7%

  $707,544

• Comparable approach

  Method

  Valuation

  Relative Method

  $451,050

  Geo Method

  $451,050

• Alternative Use

  Use

  Valuation

  Residential

  $944,844

  Hospitality

  $865,472

  Educational

  $720,062

  Medical

  $744,826

  Retail

  $1,120,097

Location Insight

City

Westland

County

Wayne

State

Michigan

Latitude

42.3383

Longitude

-83.3853

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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