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5703-5727 S Wayne Road Wayne, MI $ 1,120,000
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$ 1,120,000 Get more info
5703-5727 S Wayne Road
$ 1,120,000
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5703-5727 S Wayne Road

Wayne, MI, 48184
$ 1,120,000
Bedrooms-- Baths-- Sq 5,200

Monthly Estimate*

$ 6,987

5703-5727 S Wayne Road, Wayne, MI 48184 - Image 1
5703-5727 S Wayne Road, Wayne, MI 48184 - Image 2
5703-5727 S Wayne Road, Wayne, MI 48184 - Image 3
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5703-5727 S Wayne Road, Wayne, MI 48184 - Image 5
5703-5727 S Wayne Road, Wayne, MI 48184 - Image 6
5703-5727 S Wayne Road, Wayne, MI 48184 - Image 7

Commercial Property for sale in Wayne, MI

for $1,120,000. This 5,200 square foot building was built on a lot size of 0.54.

SEE OM ATTACHED-Welcome to this 100% occupied 3 unit retail center. 10-15+ 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 McDonald’s. 100% occupied 3 unit retail center. Prime Retail Corridor: Positioned along S Wayne Rd, one of Wayne’s 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 Wayne’s busiest commercial streets, with 20,000+ vehicles per day ensuring high visibility and traffic.

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Commercial Active

Price

$ 1,120,000

Property Type

Commercial

Taxes

$ 14,409

Style

RealEstateOnly

Lot Size

0.54

Town/City

Wayne

County/Region

Wayne

MLS | Web ID

20250000034
Features
General
Sewer PublicSewer
Possession AtClose
Construction Materials Brick
Property Subtype RealEstateOnly
Current Use Commercial Retail
County Wayne
Net Operating Income 82116.38
Operating Expense 25968.62
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Garage Y/N N
Status Active
Directions Positioned in the middle of S Wayne Rd and Van Born and S Wayne Rd and Phyllis St
City WayneCity_Wayne
Senior Community Y/N N
High School District WayneWestland
Zoning Description Commercial
MLS Area Area05083Wayne
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 14409.75
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Expected Active Date 2025-01-01
Legal Description 32V1 2 3A 3B1 44A 45 LOTS 1 AND 2 ALSO N 27.54FT LOT 3 ALSO ADJ ALLEY 20FT WD ALSO LOT 44 EXC E 20FT THEREOF ALSO LOT 45 ALSO W 1/2 ADJ VAC ALLEY RE-SUB OF HENRY AND EDSEL SUB T2S R9E L67 P28 WCR
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Exterior
Water Source Public
Lot Size Area 0.54
Spa N
Lot Dimensions 179.08x191.36
Lot Size Acres 0.54
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 5200.0
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* Excluded Features
List By
Cameron Hansson

Listing Agent

New Era Real Estate Llc

Broker

(248) 686-4166

Phone

Affordability Calculator

$8,188
Per Month
85%
15%
0%
Monthly Principal & Interest
$6,987
Monthly Property Taxes
$1,201
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4909228 Elementary School
4909250 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/23/2025$1,070,000 -6.88% Price Down
2/7/2025$1,149,000 -11.55% Price Down
1/1/2025$1,299,000 Listed Price

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5703-5727 S Wayne Road, Wayne, MI, 48184 is a Commercial Property for sale at $1,120,000 with 5,200 sqft and a lot size of 0.54. The property's zip code is 48184 which is in Wayne, MI

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