34233 Michigan Ave - Office/Residential FOR SALE


Wayne, MI 48184
$500,000 USD
248-672-2185
34233 Michigan Ave, Wayne, MI for Sale
$500,000 USD
Office/Residential - FOR SALE
1/1
null | Request Cap Rate

34233 Michigan Ave
Wayne, MI 48184


HIGHLIGHTS

  • Prime downtown Wayne location with strong corridor visibility
  • Multiple structures supporting diverse commercial operations
  • Flexible zoning with expansion or redevelopment potential

OVERVIEW

Investors, business owners and entrepreneurs don't miss this unique and rare opportunity to own nearly one acre of prime real estate in the City of Wayne's downtown. Located on Michigan Avenue (US-12) just east of Wayne Road, and within the City of Wayne Downtown Development Authority (DDA) district boundary. Property has a 2 story brick Craftsman Style building at the front of the lot that was previously used as a business office. In addition there is a 40' X 60' steel warehouse located at the center of the property used for storage and housing inventory, and a storage canopy and salt shed bin at the back of the property. The warehouse contains two drains, and an oil sump drain. The property has been updated with three water catch basins strategically located across the length of the property to manage storm-water runoff. Plenty of room to expand on the existing structures, build additional structures, or to reimagine the entire lot for a new concept/business venture. Ideal for construction, landscaping, auto, storage, franchise, or other business concept. Property has massive potential considering the investments and development along Michigan Ave. and surrounding neighborhood. Zoned Commercial - Business Industrial. Minutes from Detroit Metro Airport (DTW), freeways; I-275 & I-94, and a stone's throw to downtown Wayne, Ford Motor Wayne Assembly Plant, Wayne Police Dept., Wayne City Hall, Goudy Park, shopping, dining, entertainment, and recreation.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$289 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

LI

APN/PARCEL ID

55-017-01-0623-000

ASK ABOUT THIS PROPERTY

Hassan BazziKeller Williams CommercialMore Info
248-672-2185

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Hassan BazziKeller Williams CommercialMore Info
248-672-2185

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.