5701-5707 Woodward Street Wayne, MI $ 1,577,700
5701-5707 Woodward Street
$ 1,577,700
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5701-5707 Woodward Street

Wayne, MI, 48184
$ 1,577,700
Bedrooms-- Baths-- Sq 11,218

Monthly Estimate*

$ 9,714

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Commercial Property for sale in Wayne, MI

for $1,577,700. This 11,218 square foot building was built in 1966 on a lot size of 0.15.

Rare opportunity to own two apartment buildings. This amazing investment consists of two separate apartment buildings. Building one is a brick two story, consisting of eight, two bedroom units, private patios with sliding doors with central laundry room with paid laundry that generates additional income. Building two consisting of eight one bedroom units, with central laundry room. A grand total of 16 apartment units Private parking lot with assigned spaces. Seasoned and strong rent roll for both buildings with full occupancy. All units are rented at market value with great paying long term tenants. Most of the units have been recently updated. Large center common area for both units Both buildings are fully city certified and ready for transfer. Do NOT disturb tenants. Showings will be scheduled only upon accepted offer. BATVAI

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Commercial Active

Price

$ 1,577,700

Property Type

Commercial

Taxes

$ 12,295

Style

RealEstateOnly

Lot Size

0.15

Year Built

1966

Town/City

Wayne

County/Region

Wayne

MLS | Web ID

20261005388

Features
General
Sewer PublicSewer
Heating Baseboard NaturalGas
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick VinylSiding
Year Built 1966
Levels Two
Property Subtype RealEstateOnly
Current Use Commercial MultiFamily
County Wayne
Net Operating Income 120000.0
Operating Expense 61000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name HOAG SUB
Garage Y/N N
Status Active
Directions Take Wayne Rd to Van Born then head west.
City WayneCity_Wayne
Disclosures LegalRentalCertified
Senior Community Y/N N
High School District WayneWestland
Zoning Description MultiFamily
MLS Area Area05083Wayne
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 12295.0
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
Tax Assessed Value 177700
Expected Active Date 2026-01-27
Legal Description 32R28 29 LOTS 28 AND 29 T2S R9E L52 P39 WCR HOAGS SUB
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Exterior
Water Source Public
Foundation Details Slab
Spa N
Lot Dimensions 120x160
Lot Size Acres 0.15
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 Y
Fireplace Y/N N
Above Grade Finished Area 11218.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 5701
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* Excluded Features
List By
Hiba Saad

Listing Agent

Keller Williams Legacy

Broker

(313) 920-8798

Phone

Affordability Calculator

$10,739
Per Month
90%
10%
0%
Monthly Principal & Interest
$9,714
Monthly Property Taxes
$1,025
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
3/5/2026$1,577,700 -1.38% Price Down
1/27/2026$1,599,700 Listed Price

Map


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5701-5707 Woodward Street, Wayne, MI, 48184 is a Commercial Property for sale at $1,577,700 with 11,218 sqft and a lot size of 0.15. 5701-5707 Woodward Street was built in 1966. The property's zip code is 48184 which is in Wayne, MI