USAMIWestlandWayne Marquette Sub1014 Wayne Rd

1014 Wayne Rd, Westland, MI

Name: 1014 Wayne Rd, For Sale in Westland - Zoocasa
Brand: S&P Realty
SKU: 20261086681
Price: 199999 USD

House

For Sale

Listed price in listed location currency (USD).

$199,999

000

MLS® 20261086681

Overview

Key Facts

Type

Levels Commercial Sale

Size 785 sqft

Garage

Taxes $3,262

Days Active 0

Lot Size 0.15 Acres

Approx. Age 1947

Avg. Price Per Sqft $254

MLS® Number 20261086681

Property Address: 1014 Wayne Rd, Westland, MI, 48185-3633

Average square foot calculated using Size range provided by listing agent.

Description

Investment opportunity at 1014 N. Wayne Road in Westland! This corner commercial property is currently occupied by a Jackson Hewitt tax preparation office, offering established rental income with approximately three years remaining on the existing lease. Current rent is $1, 700 per month, or $20, 400 annually, with a annual net operating income of approximately $15, 400. At an asking price of $199, 999, this represents an approximately 7.7% current capitalization rate based on existing income and expenses. Jackson Hewitt’s nationally recognized brand dates to 1982, bringing more than four decades of tax preparation history. The property features a corner setting with ample on-site parking and an updated interior. Improvements include electrical updates completed in 2021, newer flooring, newer drywall, and fresh paint. Previously operated as a hair salon, the building retains salon hookups from its prior use, offering potential future adaptability. The property is offered subject to the existing lease; future uses are subject to applicable approvals. An opportunity to acquire an occupied commercial property with existing rental income, national brand recognition, and recent improvements. Financial figures reflect current ownership expenses and existing property taxes. Buyer to verify financial information and lease terms.

MLS® Number20261086681

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1947

Basement

Driveway

Garage Spaces

HeatForced Air

A/CCentral Air

Extras

Map

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