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1900 N Wayne Road

Westland, MI 48185
  • $1,275,000
  • STATUS: Active
  • ON SITE: 142 Days
  • ID#: 20230034963
$1,275,000
  • 0
    BEDS
  • 0.97
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,000
    SQFT
  • $116
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1988
County:
Area:
Zoning:
Commercial
Lot Size Dimensions:
172.00 X 247.00

School Ratings & Info

School District:

Description

Excellent Owner user opportunity with 54% of the building currently occupied. 5 units are currently available for immediate occupancy. These units can have the ability to be combined or separated and are individually metered.14k Pawn currently occupies approximately 5,000sq feet leaving 6,000sq available. Potential for an 8% cap rate at 100% occupancy at market rates in the area.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via GK Real Estate Team | Max Broock and Realcomp II Ltd.. © 2023 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than GK Real Estate Team | Max Broock are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2023-09-26T23:58:35.85.
www.gkrealestateteam.com/homes/139313007
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1900 N Wayne Road Westland, MI 48185

  • Price: $1,275,000
  • Status: Active
  • On Site: 142 Days
  • ID#: 20230034963
0
Beds
0
Baths
0
½ Baths
0.97
Acres
11,000
SQFT
$116
$/SQFT
1988
Built
Neighborhood:
Ford-Wayne Sub No 1
County:
Wayne
Area:
Westland
School District:
WAYNE-WESTLAND
Property Description
Excellent Owner user opportunity with 54% of the building currently occupied. 5 units are currently available for immediate occupancy. These units can have the ability to be combined or separated and are individually metered.14k Pawn currently occupies approximately 5,000sq feet leaving 6,000sq available. Potential for an 8% cap rate at 100% occupancy at market rates in the area.
Exterior Features

Architecture Level 1 Story Construction Materials Brick Lot Size Dimensions 172.00 X 247.00 Road Frontage Feet 20 Road Frontage Type Paved Waterfront YN No

Interior Features

Sq Ft Main 11000

Property Features

Assessment 354.00 Commercial Type Real Estate Only Existing Lease YN Yes Gross Scheduled Income 98280.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventional Net Operating Income 54211.00 Operating Expense 44069.00 Ownership Status Short Sale - NoPrivate Owned Percent Leased 54 Possession At Close Postal City Westland Protection Period 120 Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 25361.0000 Tax Amount Winter 3708.0000 Title Standard (Private) Total Tax 29069.0000 Unparsed Address 1900 N Wayne Road Water Source Public (Municipal) Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Brookstone, Realtors Llc: (248) 963-0505 and Realcomp, ©2023 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via GK Real Estate Team | Max Broock and Realcomp II Ltd.. © 2023 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than GK Real Estate Team | Max Broock are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2023-09-26T23:58:35.85.
 
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