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5703-5727 S Wayne Road

Wayne, MI 48184
  • $1,149,000
  • STATUS: Active
  • ON SITE: 113 Days
  • MLS #: 20250000034
$1,149,000
  • 0
    BEDS
  • 0.54
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,200
    SQFT
  • $221
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Area:
Zoning:
Commercial
Lot Size Dimensions:
179.08x191.36

School Ratings & Info

School District:

Description

SEE OM ATTACHED-Welcome to this 100% occupied 3 unit retail center.Coney Island is owner used and can extend lease at closing if requested.20+ years of tenancy for all 3 tenants with longterm leases all planning on renewing/staying.Below market rents if new owner has plans of increasing rents.Established Retail Hub: Surrounded by national retailers including Kroger, CVS, Dollar General, and McDonalds.100% occupied 3 unit retail center.20+ years of tenancy for all 3 tenants with longterm leases all planning on renewing/staying.Below market rents if new owner has plans of increasing rents.Established Retail Hub: Surrounded by national retailers including Kroger, CVS, Dollar General, and McDonalds.Prime Retail Corridor: Positioned along S Wayne Rd, one of Waynes busiest commercial streets, with 20,000+ vehicles per day ensuring high visibility and traffic.Over 150,000 residents within a 5-mile radius provide a built-in customer base for tenants.Prime Retail Corridor: Positioned along S Wayne Rd, one of Waynes busiest commercial streets, with 20,000+ vehicles per day ensuring high visibility and traffic.Over 150,000 residents within a 5-mile radius provide a built-in customer base for tenants.

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IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® 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: 2025-04-25T04:51:27.873.
www.bhhssnyder.com/homes/159110163
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5703-5727 S Wayne Road Wayne, MI 48184

  • Price: $1,149,000
  • Status: Active
  • On Site: 113 Days
  • MLS #: 20250000034
0
Beds
0
Baths
0
½ Baths
0.54
Acres
5,200
SQFT
$221
$/SQFT
Neighborhood:
Wayne
County:
Wayne
Area:
Wayne
School District:
WAYNE-WESTLAND
Property Description
SEE OM ATTACHED-Welcome to this 100% occupied 3 unit retail center.Coney Island is owner used and can extend lease at closing if requested.20+ years of tenancy for all 3 tenants with longterm leases all planning on renewing/staying.Below market rents if new owner has plans of increasing rents.Established Retail Hub: Surrounded by national retailers including Kroger, CVS, Dollar General, and McDonalds.100% occupied 3 unit retail center.20+ years of tenancy for all 3 tenants with longterm leases all planning on renewing/staying.Below market rents if new owner has plans of increasing rents.Established Retail Hub: Surrounded by national retailers including Kroger, CVS, Dollar General, and McDonalds.Prime Retail Corridor: Positioned along S Wayne Rd, one of Waynes busiest commercial streets, with 20,000+ vehicles per day ensuring high visibility and traffic.Over 150,000 residents within a 5-mile radius provide a built-in customer base for tenants.Prime Retail Corridor: Positioned along S Wayne Rd, one of Waynes busiest commercial streets, with 20,000+ vehicles per day ensuring high visibility and traffic.Over 150,000 residents within a 5-mile radius provide a built-in customer base for tenants.
Exterior Features

Construction Materials Brick Lot Size Dimensions 179.08x191.36 Road Frontage Feet 127 Road Frontage Type Paved Waterfront YN No

Interior Features

Sq Ft Main 5200

Property Features

Commercial Type Real Estate Only Existing Lease YN Yes Gross Scheduled Income 108085.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventional Net Operating Income 82116.38 Operating Expense 25968.62 Ownership Status Short Sale - NoPrivate Owned Percent Leased 100 Possession At Close Postal City Wayne Protection Period 2 years Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 12383.2300 Tax Amount Winter 2026.5200 Title Standard (Private) Total Tax 14409.0000 Unparsed Address 5703-5727 S Wayne Road Water Source Public (Municipal) Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via New Era Real Estate LLC: (248) 991-9588 and Realcomp, ©2025 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® 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: 2025-04-25T04:51:27.873.
 
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