35676 VAN BORN RD

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35676 VAN BORN RD

WAYNE, MI 48184-2452
Asking Price
$475K
Asset Type
Restaurant Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail restaurant property located in Wayne, Michigan
  • Facility occupies a half-acre parcel of land
  • Asset was previously operated as a bar
  • Asking price for the commercial property is $475,000
  • Situated on Van Born Road near regional transit routes

What's Special

Wayne serves as a significant suburban community within the greater Detroit metropolitan area, benefiting from established infrastructure and consistent regional connectivity. Situated along Van Born Road, this retail property provides accessibility for local residents and commuters navigating through the county. The site encompasses a half-acre parcel, currently improved with a former bar facility. Given the existing building layout and commercial designation, the space functions as a viable candidate for a variety of restaurant or hospitality concepts. Investors or business operators looking to establish a presence in this Wayne submarket may find the scale of the lot and the underlying building footprint suitable for repurposing or renovations to suit specific service-oriented business models.

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NOI
$80,000
Cap Rate
16.84%
DSCR
2.84
Strong
Cash-on-Cash
36.35%
Monthly Payment
$2,350.041
Annual Cash Flow
$51,799.51

Location & Travel Times