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34233 Michigan Ave 1,728 SF 100% Leased Office Building Wayne, MI 48184 $692,050 CAD ($400.49 CAD/SF)

Investment Highlights
- Prime downtown Wayne location with strong corridor visibility
- Flexible zoning with expansion or redevelopment potential
- Multiple structures supporting diverse commercial operations
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,728 SF
Building Class
C
Year Built
1950
Price
$692,050 CAD
Price Per SF
$400.49 CAD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,728 SF
Building FAR
0.05
Lot Size
0.81 AC
Zoning
LI - Light Industrial
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 55-017-01-0623-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $225,658 CAD |
Property Taxes
Parcel Number
55-017-01-0623-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$225,658 CAD
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34233 Michigan Ave
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