34503 Glenwood Road Wayne, MI $ 499,000
34503 Glenwood Road
$ 499,000
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34503 Glenwood Road

Wayne, MI, 48184
$ 499,000
Bedrooms-- Baths-- Sq 2,472

Monthly Estimate*

$ 3,151

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Commercial Property for sale in Wayne, MI

for $499,000. This 2,472 square foot building was built in 1953 on a lot size of 0.02.

Excellent investment opportunity to own a fully occupied 6-unit apartment building in the heart of Wayne! This well-maintained income-producing property features six 1-bedroom, 1-bathroom units, each offering a functional kitchen, spacious living room, and comfortable layout. On-site parking provides added convenience for tenants. Ideally located near shopping, dining, parks, schools, and major highways, this property offers strong rental appeal and consistent income potential. Whether you're expanding your investment portfolio or purchasing your first multi-family property, this is an opportunity you won't want to miss.

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Commercial Pending

Price

$ 499,000

Property Type

Commercial

Taxes

$ 5,959

Style

RealEstateOnly

Lot Size

0.02

Year Built

1953

Town/City

Wayne

County/Region

Wayne

MLS | Web ID

20261044604

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Roof Asphalt
Garage Spaces 0.0
Construction Materials Brick
Year Built 1953
Levels One
Property Subtype RealEstateOnly
Current Use MultiFamily
Business Type Apartments
County Wayne
Net Operating Income 37830.0
Operating Expense 20000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name GERSTING REALTY CO SUB
Garage Y/N N
Status Pending
Directions East of Wayne Rd and North of Michigan Ave
City WayneCity_Wayne
Senior Community Y/N N
High School District WayneWestland
Zoning Description Commercial
Number Of Units Total 6
MLS Area Area05083Wayne
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 6
Land Lease Y/N N
Tax Annual Amount 5959.0
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 Pending
Occupancy Type Tenant
Tax Assessed Value 81655
Expected Active Date 2026-06-15
Legal Description 28V7B 7C E 80 FT OF LOT 7 GERSTING REALTY COS SUB T2S R9E L41 P35 WCR
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Exterior
Water Source Public
Foundation Details Slab
Spa N
Building Area Total 2472.0
Lot Dimensions 80X123
Lot Size Acres 0.02
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 2472.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 34503
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* Excluded Features
List By
Robert Kabbani

Listing Agent

Keller Williams Legacy

Broker

(313) 926-2200

Phone

Affordability Calculator

$3,647
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,151
Monthly Property Taxes
$497
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
6/15/2026$499,000 Listed Price

Map


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34503 Glenwood Road, Wayne, MI, 48184 is a Commercial Property for sale at $499,000 with 2,472 sqft and a lot size of 0.02. 34503 Glenwood Road was built in 1953. The property's zip code is 48184 which is in Wayne, MI