38520 Michigan Ave

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38520 Michigan Ave

wayne, MI 48184
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

Located at 38520 Michigan Avenue in Wayne, Michigan, this retail property sits along a major east-west commercial corridor. The surrounding neighborhood features a mix of established residential pockets and suburban commercial developments. Nearby amenities include various national fast-food chains, automotive services, and local convenience hubs. The site benefits from high visibility and direct access to Michigan Avenue, which serves as a primary artery connecting the western suburbs to the city of Detroit. Public transportation is available via regional bus routes with several stops positioned within walking distance. The property is suited for a variety of general retail applications, including specialty boutiques, service-oriented businesses, or satellite showrooms. The typical tenant profile includes local entrepreneurs or regional franchises seeking a high-traffic location with street-level frontage. Given the corridor’s layout, the building is also functional for professional office use or medical clinics that require easy accessibility for clients. The flexible floor plan allows for a range of configurations to accommodate single-tenant or multi-tenant occupancy.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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