1014 N Wayne Road
Westland, MI
$199,999
- Finished sq ft
- 785
- Lot
- 0.15 acres
- Year built
- 1947
- Property type
- C
- County
- Wayne
- Subdivision
- Westland
- MLS #
- 20261086681
About this home
Investment opportunity at 1014 N. Wayne Road in Westland! This corner commercial property is currently occupied by a Jackson Hewitt tax preparation office, offering established rental income with approximately three years remaining on the existing lease.Current rent is $1,700 per month, or $20,400 annually, with a annual net operating income of approximately $15,400. At an asking price of $199,999, this represents an approximately 7.7% current capitalization rate based on existing income and expenses.Jackson Hewitt’s nationally recognized brand dates to 1982, bringing more than four decades of tax preparation history. The property features a corner setting with ample on-site parking and an updated interior. Improvements include electrical updates completed in 2021, newer flooring, newer drywall, and fresh paint.Previously operated as a hair salon, the building retains salon hookups from its prior use, offering potential future adaptability. The property is offered subject to the existing lease; future uses are subject to applicable approvals.An opportunity to acquire an occupied commercial property with existing rental income, national brand recognition, and recent improvements.Financial figures reflect current ownership expenses and existing property taxes. Buyer to verify financial information and lease terms.
Listing courtesy of S&P Realty · Realcomp · Listing agent: Shane Parker
Listing data is provided through the IDX programs of MichRIC, Realcomp, MiRealSource, Northern Great Lakes MLS, and Greater Lansing REALTORS. Information is deemed reliable but not guaranteed and should be independently verified. Listings held by brokerages other than Bergrand Realty are marked with the listing brokerage's name. Last updated November 8, 2026.